Report: Glassnote Success Attracts Major Label Interest
December 20, 2012 at 8:57 AM (PT)
GLASSNOTE RECORDS, the label that broke the GRAMMY-nominated band MUMFORD & SONS, among others, is the current indie belle of the ball, according to the NEW YORK POST. The paper reports that all three major labels -- UNIVERSAL, SONY and WARNER -- are tying to convince GLASSNOTE Founder DANIEL GLASS to make a deal, but GLASS has no interest in doing so.
Likely fueling the talks is the fact that GLASSNOTE’s distribution deal with SONY’s RED is up for renewal in early 2013. "Everyone is offering him some kind of equity and/or distribution deals, and allowing him to potentially start a more mainstream label," one source noted. "There is a bidding war over him ... He’s had some incredible success, and the feeling is now is the time to approach him."
"Yes, people are courting us," GLASS admitted to the POST. "Are we interested? We’re not focusing on it. It’s hard to concentrate when you’re getting ready for new music.
"There is no sale," he stated. "We’re in the baby stages. Most of our acts are on their first or second record."