Saturday, August 16, 2008

Feeder leaves Chrysalis hungry

Under-performing albums from Feeder and Gnarls Barkley have shouldered the blame for Chrysalis issuing glum predictions about its performance this year:

The downbeat outlook came in spite of strong performances from releases by Portishead and Estelle, whose single American Boy reached the top of the UK chart. However, there have been higher write-offs for new artists and the Echo recording business had performed below expectations. The new Gnarls Barkley album “just didn’t do as well as we hoped”, said Andy Mollett, finance director.

“Some of the things we thought would be successful just haven’t come up trumps.

They're now hoping that Laura Marling will pull them out the hole. Now, we love Laura's music, but we wouldn't have thought her appeal was so broad as to make up the distance.