Mick Jagger and The Rolling Stones to quit EMI

Subscribe to Oneindia News

London, Jan 17 : Sir Mick Jagger and The Rolling Stones have become the latest stars to leave crisis-stricken record label EMI.

The band is currently in negotiations to renew their contract with the music industry giants before their five-year deal runs out in May but the financier at the label did not make enough on an impression to persuade the group to commit to a new deal.

In addition, reports are also making rounds that frontman Jagger is unimpressed with the turmoil at the company and is now looking for a deal elsewhere.

EMI were bought out last year (07) by capital group Terra Firma and the label has since seen the exit of a host of important artists including Radiohead and Sir Paul McCartney. The company also announced it is preparing to cut up to 2,000 staff in a bid to reduce costs, reports TimesOnline.

The Rolling Stones are not the only artists to express their discomfort at the label - The Verve, Coldplay and Robbie Williams are also alleged to be delaying the release of their new albums until they receive reassurances from the firm.

ANI

Please Wait while comments are loading...