Arctic Monkeys 'to start record label bidding war'

Arctic Monkeys will reportedly start a bidding war when their record deal expires in the coming months.

The band's contract with Domino Records will come up for renegotiation once they have finished all promotional commitments for their latest album Suck It And See. Several major labels are said to be interested in signing them.

An insider told The Sun: "The boys' four-album deal is nearly finished and their management are ready to meet labels who fancy picking them up. Signing the Arctics would be a huge coup for anyone right now, because they are guaranteed to sell huge numbers.

"They have a great relationship with Domino because the founder Laurence Bell has always given them a lot of creative control.

"And they could re-sign with the firm but now Domino face competition from the major labels, who are keen to wade in. It could be a huge bun fight."

The band are apparently planning a break for 2012 once their promotion and tour is over.

Arctic Monkeys recently headlined T in the Park, bringing the opening night of the Scottish festival to a close.

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