by NorfolkScot » Fri Oct 14, 2011 10:11 am
Rebecca Ferguson is in the middle of a £1 million publishing rights bidding war.
The X Factor runner-up has received interest from three of the big labels - Sony, Universal and EMI - for the publishing rights of her new music.
Labels are so impressed with the material on Ferguson's forthcoming debut LP that they have offered up to £1 million to obtain the rights.
Publishers cover the interests of songwriters and collect royalties when their tracks are used on television, in films or for adverts.
A source told The Sun: "There's a bit of a battle raging to get Rebecca's signature at the moment.
"With the offers already on the table, it's clear that many in the industry see Rebecca as a good long-term bet."
Artists are given cash advances that represent how successful publishers think their material will become.
X Factor champion Matt Cardle allegedly signed a £300,000 publishing deal with Sony last week.
Ferguson's first single 'Nothing's Real But Love' will be released on November 27, while her debut album will follow a week later on December 5.
The singer signed a joint record deal with Sony's Syco and Epic labels earlier this year following her appearance on The X Factor.