The Los Angeles Times reported Sunday that the Dixie Chicks will get an estimated $20 million signing bonus and their own label, Open Wide Records, in the resolution of their dispute with the Sony Corporation.
Chicks will release a new CD, Home, Aug. 27 on Open Wide Records, to be promoted and distributed by Sony.
Chicks filed suit against Sony last year claiming breach of contract. In February they were part of the Recording Artists
Coalition concerts in Los Angeles in support of reform in the music business.
The Times also reports that the
Chicks will reimburse Sony for about $15 million from record sales before the group begins collecting royalties. Their managers
and lawyers will receive $3 million, or 15% of the $20 million bonus.
"We are very proud of the music on Home,"
the Dixie Chicks said in a statement released Monday (June 17) by Sony. "We recorded it as a labor of love during our time
off and are thrilled it has come together as an album that we think is our best yet. We are equally excited to get the music
out to our fans. Our reconciliation with Sony Music couldn't have come at a better time."