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The Rolling Stones Deny Live Nation Deal

June 17, 2008 9:15 AM ET

The Rolling Stones have denied a report that the band was on the verge of signing a massive deal with Live Nation. According to the band's spokesman, "We are not in talks with Live Nation in connection with any record deal." The supposed deal would have seen the Stones not only sign a new contract with Live Nation but also bring along their lucrative back catalog, thus costing EMI an estimated $5.9 million a year. Industry experts ultimately expect the band to leave EMI, as they released the soundtrack to their concert film Shine A Light through rival Universal earlier this year. The Stones' exit from EMI would be the third major artist to leave the industry giant (following Radiohead and Paul McCartney) since the label was taken over by equity firm Terra Firma.

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Song Stories

“Santa Monica”

Everclear | 1996

After his brother and girlfriend both died of drug overdoses, Art Alexakis -- depressed and hooked on drugs himself -- jumped off the Santa Monica Pier in California, determined to die. "It was really stupid," said the Everclear frontman, who would further explore his personal emotional journey in the song "Father of Mine." "I went under the water. Then I said, 'I don't wanna die.'" The song, declaring "Let's swim out past the breakers/and watch the world die," was intended as a manifesto for change, Alexakis said. "Let the world do what it's gonna do and just live on our own."

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