So here's the new way to get out of your record contract: just "repudiate" it! That's the sophisticated legal strategy employed by 30 Seconds To Mars, Jared Leto's group. His record label, EMI, responded to the band's novel move by suing them for $30 million. Free your mind from the shackles of commerce, EMI! On its website that won't allow you to turn off the god damn music, 30STM explained in a rambling fashion just why they decided to opt out: In California contracts can only last seven years? But they've had theirs for nine years? So they just quit it? No idea if this is legally sound or not.
If you think the fact that we have sold in excess of 2 million records and have never been paid a penny is pretty unbelievable, well, so do we. And the fact that EMI informed us that not only aren't they going to pay us AT ALL but that we are still 1.4 million dollars in debt to them is even crazier. That the next record we make will be used to pay off that old supposed debt just makes you start wondering what is going on. Shouldn't a record company be able to turn a profit from selling that many records? Or, at the very least, break even? We think so.