On 7 May 2010, May and Taylor announced that they were quitting their record label, EMI, after almost 40 years. On 20 August 2010, Queen's manager Jim Beach put out a Newsletter stating that the band had signed a new contract with Universal Music. During an interview for Hardtalk on the BBC on 22 September, May confirmed that the band's new deal was with Island Records, a subsidiary of Universal Music Group. For the first time since the late 1980s, Queen's catalogue will have the same distributor worldwide, as their current North American label—Hollywood Records—is currently distributed by Universal (for a time in the late 1980s, Queen was on EMI-owned Capitol Records in the US).