Paul McCartney Moves Post-Beatles Catalogue From EMI to Concord

Paul McCartney Moves Post-Beatles Catalogue From EMI to Concord
As if the struggling EMI Group didn't have enough to worry about these days: Paul McCartney announced on Tuesday (April 20) that he will now be reissuing his post-Beatles catalogue through Concord Music Group, for distribution through Universal. The catalogue was previously available through EMI.

In a statement on Concord's website, the label says that the first release of the extensive reissue campaign, which includes Wings titles, will be a reissue of that band's '73 classic Band on the Run, with "enhanced packaging" and "rare bonus content." The label adds that the reissue series will include releases under McCartney's pseudonyms: Percy "Thrills" Thrillington, the Fireman and Twin Freaks.

When McCartney's exclusive licensing deal with EMI recently ended, the man turned his entire catalogue - about two dozen releases - over to Concord, reports Billboard. Concord and McCartney recently worked together, as the label released both his last studio album, Memory Almost Full, in 2007, and his 2009 live CD/DVD, Good Evening New York City.

The news of Concord acquiring McCartney's catalogue comes on the 40th anniversary of his debut solo disc, 1970's McCartney. His last EMI album was 2005's Chaos and Creation in the Backyard.

The good news for EMI is that this doesn't alter the label's Beatles dealings - their back catalogue will still be available through EMI. The much-hyped remastered versions of the Beatles' back catalogue that EMI released last September have sold 13 million copies so far. EMI, who are owned by Terra Firma, has until the middle of June to get enough money together to get the business back within the terms of its debt, reports Billboard.

But maybe this isn't actually as bad as it seems: McCartney's back catalogue actually only sold 78,000 units in the U.S. last year, according to SoundScan.