U2 is not leaving Universal Music Group, according to recent comments by longtime manager Paul McGuinness.
The development follows a rumor published by Fox News indicating otherwise. “This is untrue,” McGuinness emailed Hits Magazine. “As I said in my Midem speech, U2 has an excellent relationship with Universal. We have recently relicensed both masters and copyrights to them.”
The rumor was fueled by a string of high-profile, major label defections, including those involving Radiohead, Madonna, and the Eagles. U2 is signing a four-album deal, according to the report.
Story by news analyst Alexandra Osorio.
