Paul McCartney has just announced that he’s signed a worldwide recording agreement with his old label, Capitol Records.
The deal encompasses McCartney’s entire body of post-Beatles work, from his 1970 McCartney album, through his decade with Wings, to the dozens of solo and collaborative works and is a welcome home to the label where he began his career.
“This is genuinely exciting for me,” McCartney said. “Not only was Capitol my first U.S. record label, but the first record I ever bought was Gene Vincent’s ‘Be-Bop-A-Lula’ on the Capitol label.”
McCartney is currently working on a new studio album, while a comprehensive 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 the Concord Music Group, Paul’s previous label partner.
Capitol Music Group (CMG) Chairman and CEO, Steve Barnett said “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. 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.”
** Just what this means will be interesting for collectors and fans. We’re in the middle of a huge McCartney Archive re-issue program in conjunction with Concord Records. So, what happens to that is one question that comes immediately to mind. Hopefully we’re not looking at starting over with an entirely new back-catalogue release program…..
I bet anything, Capitol will want to re-issue all of the cuts – they have only $$ to make doing so!