Ending months of speculation, the Rolling Stones have split with longtime label
EMI and inked a new deal with the Universal Music Group. The pact covers not
only future studio albums but the band's lucrative back catalog from 1971's
"Sticky Fingers" onward.
EMI, which has endured a rocky transition to private equity ownership by Terra
Firma in recent months, is understood to have lobbied heavily to convince the
Stones to remain with the company.
New recordings will be released via UMG's Polydor label worldwide, putting the
distribution of the entire Stones catalog under one roof for the first time.
The deal covers both digital and physical distribution, with UMG already
working on a long-term strategy to digitize the catalog.
The Stones tested the waters with Universal in April, when they released the
soundtrack to the Martin Scorsese documentary "Shine a Light" through the
label. U.S. sales are at 106,000 copies, according to Nielsen SoundScan.
After recording for Decca Records through 1970, the Stones formed their own
Rolling Stones label for the release of "Sticky Fingers" the following year.
The previous deal with Virgin/EMI dates back to 1991, prior to Virgin's
acquisition by EMI the following year. Warner Music, EMI itself and Sony BMG
(as CBS) had all previously handled the catalog between 1971 and 1990.
ABKCO and Decca are co-owners of the copyrights outside North America for the
Stones' catalog from 1963-1970.
The Stones released three studio albums for Virgin: 1994's "Voodoo Lounge,"
1997's "Bridges to Babylon" and 2005's "A Bigger Bang." The titles have sold a
combined 3.6 million copies in the United States.
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