Report: Stones Exit EMI For Universal
July 25, 2008 at 6:18 AM (PT)
MICK JAGGER is expected to lead THE ROLLING STONES away from EMI later TODAY, ending a long association with the BRITISH record company, reports TIMESONLINE.UK. The band is expected to sign up with UNIVERSAL MUSIC, and the deal is all the more valuable because THE STONES will control all their releases since the 1970s, including "Sticky Fingers," "Exile on Main Street" and "Black and Blue."
SIR MICK’s decision, on the eve of his 65th birthday, follows a bidding war between all the big record labels, and is a blow to EMI boss GUY HANDS. HANDS acquired EMI last year for £2.1 billion through TERRA FIRMA, the U.K. private equity house.
UNIVERSAL has been in pole position to take on the STONES since the beginning of the year, when the music group released "Shine a Light," the soundtrack to a 2006 live performance filmed in NEW YORK by MARTIN SCORSESE.
The VIVENDI-owned music group also controls the STONES’ 1960s output in the U.K., released through the DECCA label, and the deal will unify the band’s total recorded collection. In the U.S., that catalogue is controlled by ABKCO MUSIC.