Aerosmith have signed a huge catalog deal with Universal Music Group bosses ahead of the band's 50th anniversary next year.

Like last week's Madonna deal with Warner Music Group, the partnership will lead to a series of hits and rarities releases, featuring never before seen or heard material.

As a result, UMG will become home to Aerosmith's entire recorded music catalog, future new music releases, merchandise and audio-visual content.

"It's been a long road but I'm extremely happy and proud to say on behalf of Aerosmith we have been able to bring our 50 years of music under one roof by partnering with UMG," guitarist Joe Perry says. "This will allow us to bring our music to our fans in ways we never were able to before.

"It's something we've dreamed about happening for a long time. It's a win for Aerosmith, UMG and ultimately our fans. Needless to say we are very excited. It's an incredible way to celebrate 50 years and the many more years to come."

Sir Lucian Grainge, the chairman and chief executive officer of UMG, adds: "Aerosmith's global success places them in rarefied air among the all-time greatest rock icons. On the band's 50th anniversary, Aerosmith continues to influence the course of music not only through their iconic catalog but also through film, television and video games and their inimitable style.

"On a personal note, I couldn't be prouder that they have chosen UMG as their global partner. We look forward to building upon their incredible legacy and ensuring their music continues to inspire fans around the world."