Arctic Monkeys could be at the centre of a bidding war between major record labels once their current deal with Domino Records expires, according to reports.
The Sheffield four-piece have been signed to independent label Domino since 2005 but according to The Sun, their current deal will expire once they have finished promoting their latest album ‘Suck It And See’.
A source is quoted in the paper as saying that although Arctic Monkeys could decide to stay with Domino, other labels are expected to try and convince the band to sign with them instead.
The source claimed:
The boys’ four-album deal is nearly finished and their management are ready to meet labels who fancy picking them up. Signing the Arctics would be a huge coup for anyone right now, because they are guaranteed to sell huge numbers.
They went on to add:
They have a great relationship with Domino because the founder Laurence Bell has always given them a lot of creative control. And they could re-sign with the firm but now Domino face competition from the major labels, who are keen to wade in. It could be a huge bun fight.