Paul McCartney is coming full circle.
After years at Concord Records, successor to Hear Music, McCartney has signed a worldwide deal with Universal Music Group's Capitol Records label. This new agreement brings all of the superstar's solo works beginning with 1970's McCartney to the Capitol fold, and also encompasses a new solo album that is currently in the works.
McCartney commented in a statement: "This is genuinely exciting for me. 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." The deal will take effect for all of his catalogue recordings beginning in July 2017. It's promised that "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."
UMG chairman/CEO Lucian Grange remarked that Macca's return to the label is "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."
Capitol chairman/CEO Steve Barnett added, "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."
The new pact likely means that the next installment of McCartney's long-running Archive Collection, a multi-format expanded reissue of 1989's Flowers in the Dirt, will arrive under the Capitol banner. Watch this space for more news on Macca's upcoming plans as soon as they are revealed!