A bidding war is underway to sign up Oasis, who complete their current deal with Sony on the release of their forthcoming album this May. Word is both EMI and V2 have offered three album deals reportedly worth more than £15 million, leading to speculation that Sony will come in with a bigger offer sometime soon.
Ireland
Online quote one industry insider as saying: "Various record labels have been waiting patiently for the contract to end.
Now it's a question of who puts the most money down on the table.
Everybody wants Liam and Noel. They are still an act who can sell millions of records."