White Stripes looking for one-album deal

The White Stripes are reportedly asking interested record labels to fork over a few million dollars for just one album, according to Hits Daily Double. The Detroit duo became free agents earlier this month when their previous company, V2 Records, shut its doors. But insiders suggest that other labels may be wary of signing the Stripes to a one-off when most traditional contracts lock up an act for anywhere from three to seven albums. A deal for just one release limits the amount of money a label can make from an act over the course of several years and records, while allowing the band to stay relatively free as the industry continues to change.

Interscope and Warner Bros. are said to be the frontrunners to land the Stripes, while other companies are supposedly backing away because of the proposed deal.

Any new contract would presumably also include frontman Jack White's side band, the Raconteurs.

The last White Stripes album, 2005's Get Behind Me Satan, sold 850,000 copies, while last year's Raconteurs debut, Broken Boy Soldiers, moved approximately half that amount.
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