The Rolling Stones are reportedly within 14 days of signing a 360 deal with Live Nation but have denied details of the report.
The Stones were on the verge of ending a 31-year relationship with EMI and moving to Live Nation, which would market its back catalog, sources told the Observer in the U.K. The Stones immediately released a brief statement denying the move, sayiing they were not in talks with Live Nation "in connection with any record deal."
However, a source told Reuters, "It is safe to assume that the band will be walking away" from EMI.
The Rolling Stones deal would follow the current 360 model, with Live Nation owning rights to merchandising and touring, the paper said.
The Stones have had a long-term relationship with Live Nation’s chairman of the board, Michael Cohl.
A Live Nation representative was not available at press time.