Radiohead manager Brian Message has launched a new label called Polyphonic, in partnership with MAMA Group and Nettwerk Music Group. The label has a budget of more than $20 million for its first year of operation, and plans to make the most of digital distribution and new pricing models. New artists will get a 50% profit share, while established acts will get more. Crucially, artists will retain the copyrights to their songs released through Polyphonic.

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