Radiohead to sign with indie label?

Radiohead are reportedly close to signing a deal to release their new album 'In Rainbows' independently.

According to the New York Times, the band is on the verge of signing a deal to release the CD version of the album in the US with ATO Records, which is headed by Coran Capshaw, Dave Matthews Band's manager.

Under the proposed deal, Radiohead would license the album for a specified period of time while retaining ownership of the recording.

Major labels including Warner Brothers, Columbia and Starbucks were reportedly engaged in a bidding war for the album, but it looks as though Radiohead will be leaving the major labels behind for a more independent business model.

It also looks likely that British label XL will market the album internationally.

Radiohead shook up the music industry by allowing fans to determine what price to pay for 'In Rainbows' earlier this month, as previously reported.

--By our Los Angeles staff.
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