The world of major labels as well all know isn't so hot right now. New artists are really breaking in the money sense so the only thing they have to fall back on is greatest hits collections, the same live album done 7 times over or multiple re-releases with the only new thing on it being a shit remix.
EMI obviously falls into this category and their upcoming release of a Radiohead "Greatest Hits" record is the next step to making whatever extra they can on the legendary band's catalog. The good news is that Radiohead have stood their ground and voiced their unhappiness with the release.
Singer Thom Yorke told The World Magazine, "There's nothing we can do about it. The work is really public property now anyway, in my head at least. It's a wasted opportunity in that if we'd been behind it, and we wanted to do it, then it might have been good."
There you have it folks...another label frustrating another band.