Paul McCartney Signs "Historic Deal" with Capitol Records

Paul McCartney Signs 'Historic Deal' with Capitol Records
Following his affair with the mermaid, Paul McCartney has announced that he's returning to his old North American label home Capitol Records and bringing his full solo catalogue with him.

News of what's being called a "historic deal" arrived today (August 17) in a press release, which confirms that McCartney is coming back home to the U.S.-based label with which he issued several Beatles albums and started his solo career with in the early '70s. As a reminder, his last few releases were delivered on these shores through Starbucks-backed Hear Music, which is distributed by the Concord Music Group.

"This is genuinely exciting for me," McCartney said in a statement. "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 terms of the deal are that McCartney's entire catalogue of master recordings from 1970's McCartney to now will henceforth be released in North America via Capitol/UMe, starting in July 2017. This includes an as-yet-undetailed new album that Macca is currently working on.

"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," said Capitol chairman and CEO Steve Barnett. "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."

McCartney left Capitol in the middle of the 2000s and issued 2007's Memory Almost Full, 2011 ballet score Ocean's Kingdom, 2012 standards set Kisses on the Bottom, and 2013's New in North America through Hear Music.