Word on the streets is Odd Future inked a major deal that will keepp the group independent but with major backing. The group will sign with RED Distribution/Sony. All acts under one umbrella with the same creative freedom they have now. After the jump read a statement from their manager.

Statement from Chris Clancy
“It’s based on getting the distribution deal we’ve always envisioned that allows the group to “sign themselves” to their own company and keep their masters. They will have 100% creative control of all aspects of their music, art, and release schedule with no 3rd party participation in outside business. Freedom and ownership was the whole point. Red and Sony know that its in everyone’s best interest to maintain the group’s authenticity and control. They built it, they deserve it. There’s no cheesy hooks or fluorescent liquor product placements in the works.. It’s about to be fun.. and different.. “



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