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Originally Posted by the mongoose
A new band, name, etc will allow them to release stuff without being worried of paying royalties to JBO, Emerson, V2 etc.....perhaps? 
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Sometime in the last weeks, Karl or Rick said they are slaves no more since they abandoned the chains of recording treaties. (Those weren't the _exact_ words but I'm too lazy to search the forums right now). Doesn't that mean they are free to release whatever stuff they want under whatever name they like, including Underworld, UW, Undie... well, not the latter maybe?