GEFFEN CUTS LOSSES, ELASTICA BOUNCE FREE

US label cuts underachievers loose...

ELASTICA and US label Geffen have parted company just as the band have reportedly finished work on their second album, set to be released a mere six years after the first.

The planned release in the UK will be unaffected, though no one from the Elastica camp has yet made any comment.

In the time since Elastica signed with Geffen, the label has been swallowed up by the Universal group.

Many of the personnel who worked with Elastica at the label have either gone or been redeployed elsewhere in the company.

More on this as we get it.