Mercury acts Arcade Fire, U2 and Killers to stop releasing physical singles

Record label set to rely on downloads instead

Photo: Next Previous

Photo Gallery: U2

Mercury Records, the label home to U2, The Killers and Arcade Fire, is to stop the production of physical singles.

Except for on "rare occasions" the label is to rely almost entirely on downloads for its singles output.

Mercury lost money on singles releases in 2010. It will now only create physical singles when, according to company chiefs, "it is guaranteed to make a profit," reports the Daily Mail.

The label is also home to Elton John, whose 1997 single 'Candle In The Wind' remains the biggest-selling UK single of all time.

Figures compilied by the Official Chart Company earlier this year showed the recent decline in sales in the UK. In 2006 sales of seven-inch single totalled more than a million, but by 2010 the figure had fallen to 152,000 - an 85 percent drop.

Increased manufacturing costs have meant that less money is being made from the formats. The cost of dealing with excess stock wiped out any profits that Mercury made on singles last year.

Read More On This Artist

Video: Arcade Fire - 'The Suburbs'

U2 Merchandise
More News
Prides reveal new song 'Out Of The Blue' – watch
Radiohead's Thom Yorke teases fans with image of mysterious white vinyl
Former My Chemical Romance frontman Gerard Way announces UK tour
Today's new album releases: Alt-J, Aphex Twin and more
Members of Arcade Fire, The Strokes and Bon Iver cover Phil Collins and White Stripes – watch
Gwar's Jizmak Da Gusha: 'I was going to kill Dave Grohl until he said something nice...
Statue of Eleanor Rigby made from more than £1m in used banknotes on display in Liverpool
The Script score third Official Albums Chart Number One with 'No Sound Without Silence'
Jake Bugg: 'Manufactured pop bands don't have any soul'
Lauryn Hill's London comeback show subject to harsh Twitter criticism
Tatu's Lena Katina responds to bandmate's homophobia: 'People should be free to...
Producer Tony Visconti says he was misquoted over 'new David Bowie album' comment
La Roux: 'I've never made any money from record sales'
Kendrick Lamar downplays guest appearances on new album
Jamie T: 'Damon Albarn told me to write from the heart'
Stevie Nicks unveils title track from '24 Karat Gold: Songs From The Vault' - listen
Kanye West shares photos from his community service fashion class
Will Ferrell and Red Hot Chili Peppers' Chad Smith cover The Rolling Stones - watch
Foo Fighters announce January 2015 live dates
Johnny Flynn stars in new trailer for Channel 4 sitcom 'Scrotal Recall' - watch
Bishop Nehru and Doom preview NehruvianDOOM album with new track 'Caskets' – listen
Matt Bellamy hints at World War 3 theme and guitar solos for new Muse album

More News

Comments

Please login to add your comment.

Featured Videos
Latest Tickets - Booking Now
 
Know Your NME
 

 
NME Store & Framed Prints
Most Read News
Popular This Week
Inside NME.COM
On NME.COM Today