Music Week 31 October 1998
In the October 31 1998 issue Music Week it was announced that Mo' Wax was almost ready to announce a new partner after their previous deal with A&M had expired. They would sign a deal with XL as reported in Billboard 28 November 1998.
Mo Wax on verge of naming new partner
Mo Wax is expected to end months of speculation about its future by announcing a new label partner within the next two weeks.
The label, whose contract with PolyGram expired in March, is understood to be holding discussions with a number of companies including Beggars Banquet, BMG and Sony prior to making a final decision about its partner.
Company founder James Lavelle was expected to speak with his artists over the weekend to discuss the plans.
Mo Wax signed to PolyGram through its A&M subsidiary following a bidding war in 1995. It is understood that Mo Wax and PolyGram, who met last Thursday, have failed to agree a new deal.