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Linkin Park wants out of its deal with Warner Music Group just as the label is about to go public.

The band has issued a statement saying the new owners will reap big awards from an initial public offering but no money will be given to the artists.

The band claims it has been responsible for ten percent of the label's record sales over the past five years. Linkin Park owes Warner Music four more albums, but the band says they're looking into releasing music over the Internet and it does not plan to deliver a new album to Warner.

The label says it values its relationship with Linkin Park but the band's management is "using fictitious numbers and making baseless charges" as a negotiating tactic. A source familiar with Linkin Park's negotiations with Warner says the band has made unrealistic demands, including asking for a 60 (m) million dollar advance and a 50-50 profit split.