U2 Near Mother, Pub Deals
Billboard Magazine (1992-06-13)
U2 is close to a deal to expand its own Mother Records label worldwide through WEA-distributed Interscope Records in North America and London/PolyGram elsewhere. PolyGram and Interscope would be equity partners with U2 in the venture, says Paul McGuinness of Principle Management. The band has a long relationship with producer Jimmy Iovine, co-founder of Interscope. Mother Records, launched by U2 in 1981 as a showcase label for Irish bands, has released discs by acts such as Hothouse Flowers. In one indication of U2’s future committment as artists to PolyGram via Island Records, sources report the band is close to switching its publishing from Warner / Chappell to PolyGram Music Publishing.