Saturday, July 26, 2008

Rolling Stones sign with Universal Music, ditching EMI

I work for the company that distributes Universal Music. In many ways, this is a homecoming for the Stones discography. The early Rolling Stones albums were released on London Records. London is a distributed label now owned by Universal Music. Now it seems that all Stones material will be available under one roof, so to speak.
The Rolling Stones, the world's top earning music act last year, have signed a long-term, exclusive worldwide contract with Vivendi's Universal Music, dealing a major blow to the group's former recording company EMI Group.

Universal said on Friday that the new deal covered both future albums by the Stones and their back catalog, including albums such as "Sticky Fingers" and "Black and Blue" and the songs "Brown Sugar" and "Start Me Up."

Universal, the world's biggest recording company, did not disclose terms of the deal.

The Stones had been on the EMI label for more than 20 years and their departure is a low point in a bumpy ride for Terra Firma Capital Partners, the private equity firm that bought the London-based recording company last year.


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