Gazza
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Rat Bastid "We piss anywhere, man.."
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Belfast, UK
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I got the new issue of IORR magazine today. It reprints what is presumably a newspaper/magazine article from some months ago (the source isn't credited) , which is the first time I've read anything specific about the terms of the Stones' Universal contract, even though it's still a bit vague.
The deal was for £7.5 million (which was probably close to $15 million at the time, although with the way sterling has plummeted in the last few months, thats now about $11 million).
The band - as we know - control all of it's catalogue from 1971 onwards. It is estimated this catalogue generates £1.5 million a year, "although Universal believes it can do better". ("Shine A Light", which Universal released as a one-off deal a year ago, sold 750,000 worldwide although presumably that figure is slightly out of date now). The record company indicated it "will release all the band's classic albums individually".
The band is signing on to Universal for "around five years". Disturbingly, there's no mention in the article about them being expected to release new material. So, it appears that the deal is primarily centred around reissues - presumably new releases are 'optional extras' in the way that live albums were with the Virgin contract. The statement that the band issued, somewhat ironically perhaps, was that "Universal are forward thinking, creative and hands-on music people".
As we can see, the studio albums are being reissued throughout 2009. Presumably the live albums will follow that (and maybe reissues of the compilations). Which makes you wonder what else Universal have planned for the remaining 3 or so years of the contract.
Universal also controls the Stones' 60's output in Britain, as they own the Decca label, so the deal unifies the band's entire recorded collection. In the US, that catalogue is however still controlled by ABKCO.
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