Rolling Stones to sign with Live Nation?

The rockers are believed to have left EMI for good

The Rolling Stones are believed to be leaving record label EMI and signing with concert promotion giants Live Nation.

The band, whose contract with the troubled record label expired in February this year, have already released their live ‘Shine A Light’ album through a one-record deal with Universal.

The Observer report that the group are on the verge of signing the deal with Live Nation, allowing them to take over the marketing of the group’s back catalogue, worth over £3m a year.

The group will likely also take over control of touring and merchandising rights.

EMI has seen stalwarts, including Radiohead and Paul McCartney, leave recently, while Madonna, Jay-Z and U2 have all signed deals with Live Nation.