After Phantogram released its debut album, "Eyelid Movies," in 2009 on indie label Barsuk Records, there was instantaneous demand for the Saratoga Springs, N.Y., act. The duo of Josh Carter and Sarah Barthel quickly found themselves in the middle of an old-­fashioned major-label bidding war. "It was unreal," Barthel recalls. "We were just touring, doing our thing, being on an indie label, and then all at once every label called us and said, 'We want you! Come here and we'll spend money on you for dinner and buy you Champagne!' Our lawyer calls it the best time of his life."

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