Velvet Revolver dropped by record label?

Velvet Revolver has been dropped by its label, RCA Records, an inside source has told Blabbermouth.net. The band recorded two albums for the company, with its 2004 debut Contraband moving nearly two million copies, while the follow-up, 2007's Libertad, sold only 300,000. The group, which features former Guns N' Roses members Slash, Duff McKagan and Matt Sorum, also parted ways with vocalist Scott Weiland earlier this year and have yet to name a replacement.

Although Velvet Revolver has been auditioning new singers, Slash told us there are no plans to take the search to a reality series: "If we wanted to make a quick buck, that would be the way to go. There's such a huge lack of integrity in that process, be it putting a band together or finding a relationship or finding a new best friend, whatever the premise is. It's just a cheap way of doing things and I don't think that you can actually find the individual or the character or the quality or whatever it is that's important."

Weiland reunited with his former band, Stone Temple Pilots, for a recently completed six-month tour.

Velvet Revolver has yet to make any sort of statement about the reported split with RCA.

Slash and McKagan have both been working on solo projects, while Sorum recently opened a boutique in Hollywood.

Meanwhile, Slash and his wife, Perla Hudson, have posted a message on YouTube in which they speak out against California's recently passed anti-gay Proposition Eight.
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