The Rolling Stones are the first name to jump ship on EMI, leaving the beleaguered major label for rivals Universal.
While the band’s new records aren’t the biggest of sellers at this current point in time and EMI still own some of the rights to the Stone’s extensive back catalogue, this decision may disappoint new owner Guy Hands, who recently announced plans to restructure band-label contracts so that the latter would receive a larger share of live revenue. The Rolling Stones, of course, are a big-hitter on the international arena circuit, grossing an estimated £282,923,904 on their most recent A Bigger Bang tour – a record amount.
So, the future – assuming the ageing band have one: there’s a one-album deal in place with Universal that’ll come into force in May when the current deal with EMI expires; though no word on how much that contract cost the act’s new home. Their last, five-year deal set EMI back £14 million.
Remarked a band spokesman: "The band are looking forward to working with Universal Music and are excited about this new venture."
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Are they in some sort of soundless limbo between EMI and Universal?
Can the stay there?
lol?
£282,923,904!!! after a tour
Crikey...i think we grossed £20
i think the fact they are trying to
get money off there gigs was a big reason as well as new label management alot of bands live off what they make on live tours and while there not not making much when the singles and albums are not out they use the money from tours to pay bills
know it has no relvance to muti millionaire the stones but still band who are just breaking onto the big time are still struggleing after they have repayed there advance
That's a real shame.
With the right sort of promotion and label support I think that the Rolling Stones could have really made it big.