Linkin Park does not want to produce any more albums for their record company

According to this article on the ABC Philadelphia website:

Linkin Park wants out of its deal with Warner Music Group just as the label is about to go public.

The band has issued a statement saying the new owners will reap big awards from an initial public offering but no money will be given to the artists.

The band claims it has been responsible for ten percent of the label's record sales over the past five years. Linkin Park owes Warner Music four more albums, but the band says they're looking into releasing music over the Internet and it does not plan to deliver a new album to Warner.

While the record company claims that the band’s numbers quoted above are over-inflated, it will be very interesting to see if Linkin Park is successful in breaking their contract and releasing albums direct to the internet — perhaps it will signal a shift away from the traditional record company model.