Seattle can go back to complaining about the rain. The quest for the next rock & roll gold mine — having touched down around the U.S., including Veruca Salt’s hometown, Chicago — has shifted to San Francisco. Drooling over the platinum sales of Bay Area punkers Green Day, record companies have descended on Fog City to woo Rancid and Jawbreaker, two local bands carrying the punk torch. ”This is the biggest bidding war in the world right now,” says Jeff Saltzman, who comanages Green Day and Rancid and is Jawbreaker’s lawyer. Atlantic’s Mike Gitter agrees: ”The climate has definitely become more conducive to bands like this.” The battle has become so heated that the labels have sent their big guns to the mosh pit. Among the suits spotted: Capitol CEO Gary Gersh, Atlantic president Danny Goldberg, Interscope’s Jimmy Iovine and Ted Field — and Maverick’s Madonna. The outcome? Jawbreaker, which toured with Nirvana last year, is expected to choose between Geffen, Capitol, and Warner Bros. Rancid has been juggling bids from Warner, Maverick, Interscope, Epic, and the indie label Epitaph. Either way, it’s bound to be a green day: Saltzman says both bands are fielding offers in the seven figures.
Posted November 25 1994 — 12:00 AM EST
- See first look at 'Golan the Insatiable' with Aubrey Plaza and Rob Riggle -- EXCLUSIVE
- Amy Schumer and Paul Feig to pair up for new comedy
- Spoiler Room: Scoop on 'Outlander,' 'SVU,' 'Graceland' and more
- 'Supergirl' leaked to piracy sites
- Read your way through New Orleans
- The 50 Most Watched Broadcast Shows of 2014-15
- Extreme Fan Club with Chris Pratt -- exclusive video
- Cannes 2015: What's buzzing in film and fashion (so far)
- 'Survivor': Meet 20 alums you picked for a 'Second Chance'
- Ellie Kemper, more faces of the 2015 Webby Awards
- Summer Music Preview 2015: 10 hottest tours
- Melissa McCarthy: Did you know she was in...?
- George Clooney, Meghan Trainor, Pharrell & Zoë and More!