The WHITE STRIPES are reported to have signed a unique record deal with V2 in the US.
The highly praised Detroit duo, who are currently touring the UK, recently signed a rumoured six-figure deal with independent record label XL in the British Isles.
Now, according to a report in the Los Angeles Times, the group have signed with V2 stateside, although their contract is somewhat unconventional.
The arrangement is a licensing set-up via vocalist Jack White’s label, Third Man Records. As a result, Jack White is technically able to act in an A&R capacity for V2, opening doors for groups they are associated with. Also, White Stripes own their master tapes and the royalty rate for their recordings is high.
The group’s Los Angeles lawyer Ian Montone commented: “Initially, Jack and Meg didn’t want to do any deal. But presented with this, they were interested. And they really liked (V2 president) Andy (Gershon). He understands where the band wants to go and wants to let them develop that.”
A UK spokesperson for the band is currently unavailable.