British rockers Oasis are at the centre of a major label bidding-war, as record companies fight to sign the band when their current deal with Sony expires in the summer (05).

EMI and V2 have reportedly both offered the Live Forever chart-toppers a three album deal worth $28.5 million (GBP15 million), and their interest could yet prompt Sony to offer the band an even better deal.

An industry source says, "Various record labels have been waiting patiently for the contract to end. Now it's a question of who puts the most money down on the table.

"Everybody wants LIAM and NOEL (GALLAGHER). They are still an act who can sell millions of records."

23/01/2005 11:11