Rolling Stones Deny Reports Of Plans To Quit Label

by | 16 June 2008

The Rolling Stones have dismissed media reports that they plan to end their business relationship with EMI.

The Observer newspaper had claimed at the weekend that the veteran rockers are close to leaving EMI for concert promoters Live Nation, who recently signed deals with Madonna and Jay-Z.

However, the band's spokesman Bernard Doherty has denied plans to sever ties with EMI after 31 years.

"We are not in talks with Live Nation in connection with any record deal," he said in a statement to the Reuters news agency.

The Observer had said on Sunday that the Stones were "close to clinching a deal with Live Nation" which would see the promotion firm taking control of the band's back catalogue, worth some £3 million annually to EMI.

The report also added that Live Nation would be given control of the band's merchandising and touring rights, which could be worth around £750 million.

Having lost Radiohead and Sir Paul McCartney in 2007, losing the Rolling Stones would see EMI's fortunes turning further for the worse, a path which has seemed difficult to avoid since the label was taken over by private equity firm Terra Firma.

Some 2,000 EMI employees lost their jobs in January and only the sterling performance of Coldplay's new album Viva La Vida or Death And All His Friends - which topped the charts on Sunday after only three days on release, having sold more than 300,000 copies - has steered the label in the right direction.

With U2, Madonna and Jay-Z having all signed deals with Live Nation in the past 12 months, the acquisition of the Stones would not be surprising, given the nature of the promoter's agreement with Madonna, for example.

The deal signed in October is the first to encompass all facets of the star's career, with Live Nation holding the rights to her albums, tours, merchandise, website, DVDs, sponsorship, TV shows and films.


16/06/2008 15:17:36


Contactmusic

Tags: Rolling Stones - Coldplay - Jay Z - Madonna - Sir Paul McCartney - Radiohead - U2

Advertisement

More Rolling Stones

Drunk On Power: When Security Fights Back

Crowd surfing and moshing are two activities that are part and parcel of punk shows worldwide, but it seems one security guard at the Montreal...

Mick Jagger Takes The Mickey In Monty Python Reunion Tour Video

Mick Jagger has starred in a promotional video for the upcoming Monty Python live shows, the first of which will be held tonight at London's...

The Rolling Stones Say Goodbye to "Formidable" Bobby Womack

The Rolling Stones have paid tribute to the late soul legend Bobby Womack after his death on Friday, aged 70. Womack had suffered from colon...

The Rolling Stones Pay Tribute To The Late, Great Bobby Womack

Bobby Womack’s death on Friday was followed by a wave of grief and condolences by his friends and fans. The Rolling Stones were among the...

Advertisement

Was Mick Jagger's Photo With Israeli Model Noa Tishby That Big Of A Deal?

Mick Jagger has been photographed with another beautiful woman and online media outlets are all over it. After The Rolling Stones played in Tel Aviv...

The Temperance Movement Support Rolling Stones As Special Guests For 4 European 2014 Dates

The UK's finest new blues rock band, The Temperance Movement, will be special guests to the Rolling Stones on four European dates next month. The...

The Rolling Stones Resume Tour With Sold-Out Show Two Months After L'Wren Scott's Suicide

The Rolling Stones recommenced their '14 on Fire' concert tour, which is a tribute to their 50th anniversary of dominating rock & roll music around...

The Rolling Stones Are Back On It (Their World Tour, That Is)

After the turmoil and a short break following the death of L’Wren Scott, The Rolling Stones are back on tour once again. Their current worldwide...

Advertisement

Comments

Rolling Stones Newsletter

Subscribe to this news alert service to receive news and reviews on Rolling Stones

Unsubscribe | Unsubscribe All