Lloyd Webber renews record contract
Andrew Lloyd Webber has renewed his record contract to make it one of the longest continuous deals in the music world.
The composer has signed a new long term contract with recording giant Universal, the company he has worked with for 40 years.
Lloyd Webber said: "I am delighted to have renewed my partnership with Universal Music - they have been wonderful custodians of my music for over three decades, and it is a relationship that I and my colleagues at RUG (Really Useful Group, Lloyd Webber's company) value most highly."
He went on: "Together we have taken the music around the world."
The renewal comes ahead of his eagerly awaited follow-up to The Phantom Of The Opera, Love Never Dies, which is to receive its premiere next month.
The deal also covers his entire back catalogue, stretching back to the original Jesus Christ Superstar album, originally released in 1970.
Lloyd Webber's music has sold in the tens of millions over the past four decades, with Phantom alone having exceeded 20 million.
Other hit productions have included Evita, Joseph And The Amazing Technicolour Dreamcoat and Cats.
The deal covers digital and CD sales, as well as publishing rights for film, TV and advertising.
Lucian Grainge, chairman and CEO of Universal Music Group International, said: "To have a strategic business partnership with Andrew as well as a personal relationship is one of the things that really makes this business tick."