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VIRGIN/EMI RESPONDS TO JARED'S LETTER ON BILLBOARD - Thirty Seconds to Mars Russian Community [entries|archive|friends|userinfo]
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Leto makes various claims in his posting, stating that the band were unhappy that they had sold two million albums yet were "still $1.4 million in debt" and that the "next record we make will be used to pay off that old supposed debt."

However, it is understood that EMI will cite its funding of 30 Seconds To Mars' tours and videos, directed by Leto, as evidence of a major financial contribution to the band's career.

Explaining the band's withdrawal from the contract, Jared Leto wrote: "We had been signed to our record contract for nine years. Basically, under California law, where we live and signed our deal, one cannot be bound to a contract for more than seven years. This is widely known by all the record companies and has been for years. In fact, so aware of it are they that they desperately try to make deals outside of California whenever possible. It is a law that protects people from lengthy, unfair, career-spanning contracts. This law also gave us the legal right to explore other possible opportunities.

"Yes we have been sued by EMI. But NOT for failing to deliver music or for 'quitting.' We have been sued by the corporation quite simply because roughly 45 days ago we exercised our legal right to terminate our old, out of date contract, which, according to the law is null and void. We terminated for a number of reasons, which we won't go into here (we'd rather not air any dirty laundry) but basically our representatives could not get EMI to agree to make a fair and reasonable deal."

An EMI spokeswoman said in statement, "EMI's relationship with 30STM has been extremely rewarding and successful for both the band and the company. The hard work of EMI's global team and of the band has resulted in sales of three million albums and singles, multiple awards and a growing, global fan base.

"However, we have been forced to take procedural, legal steps in order to protect EMI's investment and rights during contract renegotiations initiated by the band and management. We hope to resolve these matters amicably and put them behind us so we can continue working in partnership with the band to take them to even greater levels of success."

In his posting, Leto added that the band was unhappy that most of the employees it worked with at Virgin and EMI had left the company as a result of the major's restructuring under chairman Guy Hands. "It is hardly the same company we have known," he wrote.

EMI did not respond to specific claims by Leto that the major intended to place advertisements on its official Web site and that it wanted ownership of the band's master recordings in perpetuity.