Sir Paul McCartney has rejoined Capitol Music Group from Concord Music Group.
The worldwide contract, which was announced today by Capitol Music Group chairman and CEO Steve Barnett, covers McCartney's entire body of post-Beatles work, including solo projects and collaborations.
Music Week has been told that a UK label for McCartney has yet to be decided upon.
“This is genuinely exciting for me,” McCartney said. “Not only was Capitol my first US record label, but the first record I ever bought was Gene Vincent’s 'Be-Bop-A-Lula' on the Capitol label.”
"Paul McCartney’s association with Capitol has long defined so much of our historic legacy, and all of us here are extremely proud and honored that he has chosen to come back home,” Barnett said. “ Paul’s indelible contributions to our culture are second to none, and his constant evolution as an artist and performer continues to inspire and enrich the lives of countless millions of people. We are overjoyed that Paul will be creating new music for years to come, and that Capitol will be helping to present it to the world.”
Lucian Grainge, chairman and CEO of Universal Music Group, added: “It would be simply impossible to overstate what an honor it is to welcome Paul back to Capitol. It's a homecoming of one of the greatest musical artists of all time to the label that first helped bring his incredible music to the world. Paul's astonishing career has shown no limits -- in creativity, in commercial longevity, and in its impact on people and cultures in every corner of the globe. We are thrilled at both Capitol and UMG to be able to contribute to the next chapter in Paul's extraordinary career.”
Michele Anthony, UMG’s executive vice president of US Recorded Music, added: “Paul’s vital and legendary body of work as a solo artist remains essential, relevant and so highly in demand. We’re beyond thrilled at the opportunity to put the global resources of Universal Music behind Paul’s forthcoming work, as well as introducing his previous iconic albums to new generations of fans around the world. "
McCartney is currently working on a new studio album, while a plan for the artist's catalogue is being conceived by Capitol and Universal Music Enterprises (UMe) – in conjunction with the artist and his management team – and will be implemented beginning July 2017.
The catalogue moves to Capitol/UMe from Concord, Paul’s previous label partner on such Grammy-winning albums as Band On The Run, Kisses On The Bottom and Wings Over America .