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August, 18

Paul McCartney signs new deal with Capitol Records

Sir Paul McCartney has signed a new deal with Capitol Records.

The 74-year-old musician is returning to the label where he started his solo career with the "historic deal", which will include his all of his recordings since the 1970 'McCartney' album.

Paul said: "This is genuinely exciting for me. 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 is also working on a new album with the label.

Capitol 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."

Universal Music Group chairman and CEO Lucian Grainge added: "This 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."

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