Irish rock band The Cranberries announced in Los Angeles that they have terminated the remainder of their recording contract with M.C.A. Records
The group signed in 1991 with Island Records America and transferred to M.C.A.in 2000 following a contract renegotiation.
"Since we were signed in 1991 by Island Records, we have gradually seen our label disolve from a pioneering independant spirited label into a corperate monolith that completly lost touch with the groups creative vision," stated singer Delores O´Riordan. "All the people we have worked with over the years have been fired or left the company, so the band felt it was time to move on to new opporunities."
The Cranberries have released two albums in the past 15 months selling in excess of 3.2 million albums worldwide and have also performed 82 concerts to 600,000 people during that time.
A new album is expected to be released by the end of 2003 and the band are planning a tour, which they hope to confirm in the coming weeks.