From Music Industry News: EMI Music and Mute founder Daniel Miller have reached a preliminary agreement that will see EMI support Miller in the establishment of his second record label, and the continuation of the Mute brand as an independent recorded music business.
Since he founded Mute in 1978, Miller has signed and developed some of the world's most innovative and influential recording artists including Depeche Mode, Moby, Goldfrapp, Nick Cave and the Bad Seeds, Erasure and Richard Hawley. He sold Mute to EMI in 2002 and has continued to lead the label since then.
Miller's new label will operate under the trademark Mute which it is licensing from EMI. It will tap into EMI's Label Services unit for sales, distribution, synch & licensing and merchandising in the US, UK, Canada and Ireland, and a network of independent record distributors elsewhere. The label will be controlled by Miller, with EMI taking a minority equity interest in the company. Miller will also take a consultancy role with EMI Music as part of the new agreement.
To help fund the label, EMI is licensing to Miller part of the Mute back catalogue. It is also providing Miller with operational support in areas such as royalty administration and business affairs.
Miller said: "I am pleased that as a result of this arrangement with EMI, Mute can prosper as a vibrant member of the independent sector, while retaining a strong and constructive link with EMI in the development of our catalogue, brand and roster."