The Stone Roses sign UK, US record deals

The Stone Roses have signed two record deals for new material, it has been announced.

The band, who reformed in October, finalised the UK and US contracts earlier this week.

Columbia have secured the US rights for The Stone Roses' new tracks, while Universal Records are behind their UK and global deal, which could earn them millions, The Sun reports.

The band will already earn over £10m from their sold out homecoming gigs at Manchester's Heaton Park, an income which will only increase further with slots at Denmark's NorthSide festival, V Festival and T In The Park.

They will also play Benicassim in Spain, as well as the Fuji Rock Festival in Japan and Norway's Øya festival.

A spokesman confirmed: "The Stone Roses are pleased to announce that they have signed a record contract with Universal Music in London and with Columbia Records in New York."

Labels are said to have shown interest in signing the band when Ian Brown said "we hope to put out a new album of new music" during their reunion press conference.

They have recorded new songs during rehearsals for their live shows over the last few months.