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This just in from Melodicrock.com
12 YEARS AND AS MANY MILLION LATER – GNR SIGN TO NEW LABEL FOR NEW ALBUM:
Axl Rose - and in turn - Guns N Roses have parted ways with Geffen Records - the label that poured millions into the making of Chinese Democracy and have signed with Sanctuary Records!
The following appeared in the UK times this week: "Sanctuary said that it did expect to generate about £50 million from exploiting Guns N' Roses hits through film soundtracks, cover versions and their use in advertisements.
Deke Arlon, Sanctuary's head of publishing, said: “After The Beatles and Queen there doesn't come much bigger in the rock canon than Guns N' Roses. We spent years trying to find the right deal and we are delighted with acquiring a slice of rock history.”
The notoriously unpredictable Axl Rose signed with Sanctuary after months of negotiations through his lawyers. Although rival publishers are believed to have offered more, Rose felt more comfortable with Sanctuary's business plan.
Sanctuary has also secured the rights to Chinese Democracy, the new Guns N' Roses album and all future Rose material. However, the album has no release date 12 years after work began. The effort has cost other labels £6 million and seen off eight producers.
Brian May contributed to sessions for G n'R's long waited Chinese Democracy album several years ago. It is unclear whether any of his recordings will be used."
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Originally posted by Sex_kitten
Dude, don't put VH or GNR with those bands! I love Hair metal and all, even Warrant, but you can't compare gnr and vh to them! 😎
Actually you can.
You're just giving GnR and V.H. more props than they deserve. Real bands don't break up over differences. They break up over drug problems and suicides.