LONDON — Brit megagroup Oasis has confirmed that it’s setting up its own record label, Big Brother.
The first release will be the band’s new album, “Standing on the Shoulders of Giants,” which will hit stores at the end of February. The disc will be distributed by Sony, the co-owner of Oasis’ U.K. label, Creation.
Creation was founded by Alan McGee, who announced he was leaving the company last November. McGee sold 49% of Creation to Sony in 1992 for $5.7 million to avoid bankruptcy. Sony is in the process of buying out McGee in full.
Oasis was actually signed to Sony but had been licensed back to Creation. One insider described the current situation at Creation as a “mess.” What will happen with the rest of the label’s roster — including Primal Scream and Teenage Fanclub — is still to be determined.
At least for the moment, Big Brother is essentially a brand that will allow Oasis songwriter Noel Gallagher to keep his promise not to release the band’s music on a major label. Sony refused to comment on the formation of Big Brother.
Big Brother’s key staff will be former employees of Creation, and there are plans to sign up additional acts.
Big Brother’s arrangement with Sony is likely to mirror how the major has worked with Creation, in that Big Brother will handle the U.K. market, Sony the rest of the world.
The move echoes the setting up of Apple Records by the Beatles, Oasis’ biggest influence. When it emerged that McGee was leaving, Oasis had originally said it would be happy to remain at Creation.