Editing Radiohead (section)

== Business and song catalogue ==
{{See also|In Rainbows#Dispute with EMI}}
Radiohead are managed by Chris Hufford and Bryce Edge of Courtyard Management, which also manages [[Faithless]], [[Supergrass]] and [[Kate Nash]].<ref>{{Cite news |last=Collins |first=John |date=1 May 2009 |title=Working in harmony |url=https://www.irishtimes.com/business/working-in-harmony-1.757419 |access-date=16 November 2023 |newspaper=[[The Irish Times]] |language=en}}</ref><ref>{{Cite news |last=Marshall |first=Alex |date=15 April 2016 |title=Radiohead have not yet decided whether to stream new album, says man from their management firm |url=https://www.theguardian.com/music/2016/apr/15/radiohead-new-album-spotify-brian-message-thom-yorke |access-date=15 March 2025 |work=[[The Guardian]] |language=en-GB |issn=0261-3077}}</ref> They recorded their first six albums under contract with [[Parlophone]], a subsidiary of [[EMI]].<ref>{{cite magazine |author=Tyrangiel, Josh |first= |date=1 October 2007 |title=Radiohead Says: Pay What You Want |magazine=[[Time (magazine)|Time]] |url=http://content.time.com/time/arts/article/0,8599,1666973,00.html|url-status=live|access-date=16 October 2007|archive-url=https://web.archive.org/web/20110827171043/http://www.time.com/time/arts/article/0,8599,1666973,00.html|archive-date=27 August 2011}}</ref> The contract ended with the release of ''Hail to the Thief'' in 2003. They did not renew the contract for their next album, ''In Rainbows'' (2007), as EMI would not give them control over their back catalogue and they did not trust the new owner, [[Guy Hands]].<ref name="observer12" /><ref name="Rajan-2007" /><ref>{{Cite news |last=Forde |first=Eamonn |date=18 February 2019 |title=Chasing rainbows: inside the battle between Radiohead and EMI's Guy Hands |work=[[The Guardian]] |url=https://www.theguardian.com/music/2019/feb/18/chasing-rainbows-radiohead-emi-guy-hands-terra-firma |url-status=live |access-date=19 February 2019 |archive-url=https://web.archive.org/web/20190219064558/https://www.theguardian.com/music/2019/feb/18/chasing-rainbows-radiohead-emi-guy-hands-terra-firma |archive-date=19 February 2019 |issn=0261-3077}}</ref> Radiohead have self-released their subsequent work, with retail editions released by [[XL Recordings]].<ref name="Billboard – move from Warner" />

In September 2012, EMI was bought by [[Universal Music Group|Universal Music]]. The [[European Commission]] approved the deal on the condition that Universal Music divest Parlophone, which controlled the Radiohead records.<ref>{{Cite news |last=Sweney |first=Mark |date=21 September 2012 |title=Universal's £1.2bn EMI takeover approved – with conditions |url=https://www.theguardian.com/media/2012/sep/21/universal-emi-takeover-approved |url-status=live |archive-url=https://web.archive.org/web/20130927140940/http://www.theguardian.com/media/2012/sep/21/universal-emi-takeover-approved |archive-date=27 September 2013 |access-date=2 September 2016 |newspaper=[[The Guardian]] |language=en-GB |issn=0261-3077}}</ref> In February 2013, Parlophone was bought by [[Warner Music Group]] (WMG).<ref>{{Cite magazine |last=Knopper |first=Steve |date=8 February 2013 |title=Pink Floyd, Radiohead catalogs change label hands |url=https://www.rollingstone.com/music/music-news/pink-floyd-radiohead-catalogs-change-label-hands-92432/|url-status=live|archive-url=https://web.archive.org/web/20181116084628/https://www.rollingstone.com/music/music-news/pink-floyd-radiohead-catalogs-change-label-hands-92432/|archive-date=16 November 2018 |magazine=[[Rolling Stone]]}}</ref> As a condition of the purchase, WMG made an agreement with the [[Merlin Network]] and the trade group [[Independent Music Companies Association|Impala]] to divest 30% of the Parlophone catalogues to [[Independent record label|independent labels]], with artist approval.<ref name="Billboard – move from Warner" /> In April 2016, WMG transferred Radiohead's back catalogue to XL.<ref name="Billboard – move from Warner" /> ''[[Radiohead: The Best Of|The Best Of]]'' and the reissues released by EMI in 2008 without Radiohead's approval were removed from streaming services.<ref name="Billboard – move from Warner" /><ref>{{Cite web |last=Trendell |first=Andrew |title=Here's why so many Radiohead songs disappeared from Spotify + streaming |url=http://www.gigwise.com/news/106313/radiohead-songs-&-albums-removed-from-spotify-ahead-of-new-album-tour|url-status=live|archive-url=https://web.archive.org/web/20170920142613/http://www.gigwise.com/news/106313/radiohead-songs-%26-albums-removed-from-spotify-ahead-of-new-album-tour|archive-date=20 September 2017|access-date=20 September 2017 |website=[[Gigwise]] |language=en}}</ref> In October 2015, Radiohead sued Parlophone for deductions made from downloads of their back catalogue.<ref>{{cite web |title=Radiohead sue Parlophone, lawyers debate possible impact |url=http://www.completemusicupdate.com/article/radiohead-sue-parlophone-lawyers-debate-possible-impact/ |url-status=live |archive-url=https://web.archive.org/web/20151101010830/http://www.completemusicupdate.com/article/radiohead-sue-parlophone-lawyers-debate-possible-impact/ |archive-date=1 November 2015 |access-date=4 November 2015 |website=[[Complete Music Update]]}}</ref>

In 1993, Radiohead created a [[limited company]], Radiohead Ltd, to handle income from tours. It had a [[revenue]] of £735,765 after the release of ''The Bends'' (1995), £2.1m after ''OK Computer'' (1997) and almost £8m following ''Hail to the Thief'' (2003).<ref name="Marshall-2016">{{Cite news |last=Marshall |first=Alex |date=29 April 2016 |title=Radiohead's corporate empire: inside the band's dollars and cents |url=https://www.theguardian.com/music/2016/apr/29/radiohead-corporate-structure-firms |access-date=15 March 2025 |work=[[The Guardian]] |language=en-GB |issn=0261-3077}}</ref> In May 1996, Radiohead established Waste Products Ltd to produce and sell merchandise.<ref name="Marshall-2016" /> The band members also own half of Sandbag Limited, created in 2002 as a sister company of Waste, which handles direct-to-customer sales of albums, merchandise and other goods for Radiohead and other acts.<ref name="Shubber-2016">{{Cite news |last=Shubber |first=Kadhim |date=12 January 2016 |title=Radiohead's business style: everything in its right place |url=https://www.ft.com/content/1258fc73-b961-3a67-adbd-b8b7d73e68e7 |access-date=15 March 2025 |work=[[Financial Times]]}}</ref> Starting with ''In Rainbows'', Radiohead have created limited companies or [[limited liability partnership]]s for their releases, minimising risk in the event of commercial failure, lawsuits or touring accidents.<ref name="Shubber-2016" /><ref name="Marshall-2016" />