With many major labels posting significant losses every quarter, Warner Music have decided that enough is enough and as such have decided to require all of their artists to sign the new '360 deal' before working with them. Whereas previously, labels only got a cut of album sales and related airplay, under the '360 deal' they will entitle themselves to a slice of the merchandise and touring pie. In effect, the band will become a subsidiary company to the record label and be required to declare its earning in every field which the label will then take a cut of. The...