Paul McCartney signs with Capitol Records, leaving behind Concord deal

Paul McCartney’s entire body of post-Beatles recordings will soon be managed by Universal’s Capitol Records.

McCartney has signed a worldwide agreement with Capitol Music Group, which essentially brings to an end his deal with independent Concord Music Group.

“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.”

The deal covers all McCartney albums starting with his 1970 McCartney album, through his decade with Wings, to dozens of solo and collaborative works.

In a career that spans six decades, McCartney has sold more than 500 million records worldwide. He was recently named the United Kingdom’s most successful albums artist of all time by the Official Albums Chart Company and was knighted by Queen Elizabeth II in 1997 for his services to music.

Steve Barnett 2“We are extremely honored that Paul McCartney has chosen to come back home.”

Steve Barnett, Capitol Music Group

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.

Capitol Music Group 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.

Lucian_Grainge“It would be simply impossible to overstate what an honor it is to welcome paul back to Capitol.”

Lucian Grainge, UMG

“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, said: “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 U.S. 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 has released Grammy-winning albums such as Band On The Run (Best Historical Album, 2012), Kisses On The Bottom (Best Traditional Pop Vocal Album, 2013) and Wings Over America (Best Boxed or Special Limited Edition Package, 2014).

The star announced in 2010 that he was partnering with Concord Music to globally market and distribute his solo and Wings catalogue.Music Business Worldwide

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