The constant flow of reports regarding EMI losing its artists have been updated with the biggest name so far, The Rolling Stones. The legendary band are slated to release their new album 'Shine a Light' through EMI's rival Universal Music.
It was reported that they decided to make the new arrangement because EMI is in a state of crisis that consequently leads them to doubt the future of the album should it remains to be under EMI. However, a rep from EMI confirmed that the Stones did secure a contract with Universal to release the album in March but are not signing for further deals with the label.
"They've not signed to Universal and they've not left EMI. This is just a one-off thing," the spokesperson said. It was further suggested that Universal will get the right to 'Shine a Light' only and not entitled to Rolling Stones' previous catalog.
The contract with EMI is due to expire in May 2008 and the band are reportedly considering "other options".
'Shine a Light' is a soundtrack album to their documentary film which is directed by Martin Scorsese. The film which features guest appearances by Jack White of The White Stripes, Christina Aguilera, and Buddy Guy will open the 2008 Berlin Film Festival on February 7.