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Dandy Warhols Sign Deal With World's Fair

The Dandy Warhols have finally announced plans for a new album and label after watching their last LP, 2005's Odditorium or the Warlords of Mars, receive little support from Capitol Records.

"We started to get really frustrated with Capitol," guitarist Peter Holmstrom explained to Billboard.com. "Our records were recouping and making money for them because of all the licensing, but they weren't promoting us or paying attention."

Capitol dropped the Dandy Warhols after Odditorium sold less than 40,000 copies, but not before they cashed in on such songs as "We Used To Be Friends" and "Boys Better." (The Warhols' Capitol deal gave the label 50-percent ownership of the band's masters in perpetuity, which meant all licensing fees were split down the middle whether an album was being pushed or not.)

A new partnership deal with World's Fair gives the Dandy Warhols their own label (Beat the World) and limited ownership that only lasts three years. A new record is expected later this year.

"We've been functioning on our own as a band for a long time," Holmstrom said. "With World's Fair, they can provide all the business stuff that we need without any of the nonsense of a major. It's great, although it's a little scary, because if we screw this up, we have no one to blame but ourselves."

—The ARTISTdirect Staff
03.07.08