Brian Message, best known as one of the managers for the best band in the world, is said to be launching a new record label that will allow artists to retain greater ownership of their intellectual property. This article in NME says the new label, Polyphonic, plans to offer artists a 50% base share of profits, with that percentage increasing as an act grows more successful. Reports also indicate that Polyphonic's primary method of distribution will be online.
Although specifics details have not been released, the new company's policies look set to place emphasis on the digital distribution of music and may see release plans similar to Radiohead's 2007 album 'In Rainbows', which fans could choose how much to pay for when downloading it.
Polyphonic is a joint venture between Message's company ATC and management firms MAMA Group and Nettwerk Music Group, reports the Telegraph.
More in the aforementioned Telegraph article: Radiohead manager teams up with Mama Group to launch record label