Bono and Co. will release their new album on Island Records
The record label discovered the Irish group in the late 1970s but they left just over seven years ago, when their relationship turned sour after label boss Jason Iley was moved to Mercury Records and the band were unhappy with his successor. They later followed their former label boss to Mercury.
Earlier this year, parent company Universal closed down Mercury and moved most of the acts to their new company Virgin/EMI, although it was not announced which label would house U2.
But now, a source has confirmed that the band will head back to Island Records, which has had a change in management since their departure. The source said the band were “going back to their spiritual home”.
Reports recently claimed that U2 would release their new album in April 2014 and an announcement could be made at Super Bowl XLVIII in February with representatives for the band currently negotiating a deal with brands to announce the LP. Bassist Adam Clayton recently confirmed that the group were planning to wrap up recording by the end of this year.
Earlier this year, U2 were reportedly spotted entering a New York studio with Coldplay’s Chris Martin, fuelling speculation that the singer may appear on the band’s new album. All four members of the rock group were seen at the Electric Lady Studios in New York in May, where Danger Mouse was reportedly mixing the new material.