June 17, 2008 07:26:16 GMT
The legendary rockers have just denied previous reports claiming that they are about to split from EMI to join the tour promoters company.
Previous news surfacing in the media stating that The Rolling Stones will leave their label EMI and join Live Nation has now been denied. The band through their spokesperson Bernard Doherty rejected the recent claims and stated that, "We are not in talks with Live Nation in connection with any record deal."
Previously, it was reported that the legendary rockers are about to depart from their current label and sign a deal with the concert promoters. Moreover, the media also claimed that the contract with Live Nation, will give the company the rights to sell the Stones back catalog worth about 3 million, control the band's upcoming tours and merchandising stuffs.
Moreover, if the deal goes ahead the Stones would follow two previous super stars that have already signed with the company, which were Madonna and Jay-Z. Both artists' deal with Live Nation reportedly worth more than $100 million.
Meanwhile, the news regarding the Stones' departure from EMI was very much triggered by the trouble the company's having since it was sold to Terra Firma. Prior to that change of ownership, the company has already lost some of their artists, two of the biggest stars that have moved from the label, were Paul McCartney and Radiohead.
The Stones contract itself with EMI reportedly has expired in February, but until now both the band or the label haven't decided whether they will move on or part ways. Earlier, the legendary rockers have just released a live album "Shine a Light", in April 1, under a different label, which is Universal Records, but it was only a one album agreement.