July 25, 2008 14:44
Rolling Stones sign deal with Universal
Rumours the Stones were set to sign to Live Nation prove unfounded
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The Rolling Stones have signed a new record deal with Universal, scuppering rumours that the band were set to join the likes of Jay-Z and Madonna by signing a deal with Live Nation.
Mick Jagger and co. have signed a deal which sees Universal take control of the band's back catalogue as well as future albums.
Universal described the deal as "exclusive, long-term, worldwide", reports BBC News.
In a statement The Rolling Stones said: "Universal are forward thinking, creative and hands-on music people. We really look forward to working with them."
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