Having just sent a thousand employees to the unemployment line, Warner Music Group is now planning on making more cuts, this time to its roster. Rolling Stone says insiders put Third Eye Blind and The Breeders at the top of the 80 artists awaiting the ax. Stereolab has already been cut loose. WMG head Lyor Cohen said of the move, "Artists deserve a deep commitment from their labels. If that commitment doesn't exist, they should be given the freedom to pursue it elsewhere. The goal is to nurture artistic creativity and create successful careers."
Stereolab manager Martin Pike told RS, "We were told that our services are going to be dispensed with. We've been with Elektra since 1993. That company doesn't exist anymore."
We'll keep you posted on how things develop.