Meanwhile, Stereolab have been dumped by the Warner Music Group, who release their records outside of Britain (where their own indie label, Duophonic, do so). The Warner imprint the groop were signed to, Elektra, has been abolished, and nearly half of all Warner artists are expected to be axed. Those staying on, meanwhile, will have to do with smaller budgets, in what could be new boss Edgar Bronfman Jr.'s initiative to turn Warner into a back-catalogue holding company.

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