Rolling Stones “Shine a Light” on Universal, Tenure With EMI Likely Over

1/17/08, 10:51 am EST

The Rolling Stones have signed a one-album deal with Universal Music Group for the release of their next album, the live soundtrack to Martin Scorsese’s concert film Shine a Light. The Universal deal likely spells the end of the Stones’ sixteen-year partnership with EMI, as the band’s record contract with that label expires next month. If they do sign a long-term deal with another label, the Stones would join Paul McCartney and Radiohead as the latest big-name artist to exit EMI in the wake of their tumultuous takeover by private equity firm Terra Firma. Earlier this week, EMI head Guy Hands announced that the label would allow for the corporating sponsoring of bands, as well as cut 1,500-2,000 jobs in order to free up $400 million. Still-contracted EMI artists like Robbie Williams, the Verve and Coldplay hinted at withholding new albums until EMI proved they were capable of appropriately promoting and distributing those releases.

Scorsese filmed Shine A Light during two Stones gigs at New York City’s relatively intimate Beacon Theatre in 2006. Among the special guests who joined the band on stage were Jack White and Christina Aguilera. The film will debut at the Berlin Film Festival next month before hitting American cinemas on April 4th.

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[Photo: Getty]


Comments

Cheesecrop | 1/19/2008, 7:29 am EST

Stones are empty. Haven’t done anything worthwhile in over 20 yrs.

DA MAN | 1/18/2008, 8:42 pm EST

in today’s market, a record company isn’t really even necessary to bands like The Stones, Paul McCartney etc…
Radio doesn’t play their new releases at all and, record companies have gone by the wayside just look at MySpace and all the other sites for music that fans have access too.
The Rolling Stones are smart to do a one album deal, keep all the rights etc…
By the way, The Stones still kick ass live!

Jungleland | 1/18/2008, 10:14 am EST

“Its best EMI moves on, the stones are empty as a band and so is there music. EMI made the right move.”

Could not disagree more.

This movie will be big and this CD will sell ok, which in current conditions means top 20.

The Rolling Stones are not “empty” by any means. A Bigger Bang has 5-6 classics, it’s only flaw is that it has 10 other songs (16 total) instead of 3 other songs like the 60’s and 70’s records had.

And EMI didn’t drop them THEY DROPPED EMI

A. Chump | 1/17/2008, 8:01 pm EST

Its best EMI moves on, the stones are empty as a band and so is there music. EMI made the right move.

Helvis II | 1/17/2008, 1:15 pm EST

No one needs a lable anymore; the Artists can make a whole lot more profits in two ways:

One: the artist gets a much bigger piece of the pie because they don’t have to share it with a big corporate conglomerate label.

Two: I think die hard fans of the artist would be more apt to purchase the music because their loylaties are with the artist not a bunch of corporate shirts.

Jungleland | 1/17/2008, 11:22 am EST

WOW EMI have screwed this one up! You would think that they would know that they CAN NOT screw with (1) The Artists (2) The Fans (3) The Record Stores and not loose the rest of the little hold they still have.

A live album is such a throw-away and EMI can’t even hold on to this?

Somebody (Starbucks?)is going to put a model togehter for artisits who have already achieved their big success and then NONE of these artists will deal with a traditional company again.

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