ROBBIE WILLIAMS - WILLIAMS TO OFFER ALBUM RIGHTS TO INVESTORS?
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WILLIAMS TO OFFER ALBUM RIGHTS TO INVESTORS?
ROBBIE WILLIAMS is considering selling wealthy investors the rights to half his upcoming album instead of signing with another record label.
The Angels hitmaker has been open about his ongoing struggles with EMI, but now that he's nearing the end of his current contract with them, he's eyeing investors instead of signing another industry deal.
Financial partners would pay an advance in an $80 million (£50 million) arrangement, which would be returned to them with revenue generated by the pop star's touring and song royalties.
Tim Clark, one of Williams' advisers, says, "Obviously we are talking to several record companies about a new deal for Robbie, but we are also looking at talking broadly to all potential investors, including financial institutions."
However, Clark has not ruled out the possibility that the former Take That star will re-sign with EMI.
22 November 2009 23:01
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