Oh, Lorde! Lava Records — home to the 18-year-old “Royals” sensation — had been seeking a new partner to buy a $100 million stake in the company after its deal with Universal Music Group expired.
But it failed to sell because if Lava, headed by Jason Flom, had left Universal, it couldn’t bring Lorde along, and rival labels didn’t bite.
Colorful Flom, one-time CEO of Atlantic Records, was hoping to sell Lava to billionaire Len Blavatnik’s Warner Music Group late last year. But the deal was “held up at Warner because Lorde would not come with it.” She was first signed by Universal New Zealand and remains with the label.
Despite Flom’s fantastical asking price, the source said, “Lava is worth way less without Lorde,” and though Lava’s also home to Jessie J, “she’s not going to be worth what Lorde is to Lava’s future.”
Despite Flom’s fantastical asking price, the source said, “Lava is worth way less without Lorde,” and though Lava’s also home to Jessie J, “she’s not going to be worth what Lorde is to Lava’s future.”
xcuse my rude but Jessie certaintly brought in way more money than lorde
Excuse my rude but HOW?? Royals alone probably outsold most of Jessie's singles combined(ok that was a REACH) but Lorde has singles+album sales. All Jessie got was Bang Bang.
