Recently reformed veteran rock band The Stone Roses have signed two record deals.

The band, consisting of vocalist Ian Brown, guitarist John Squire, bassist Gary “Mani” Mounfield, and drummer Alan “Reni” Wren, announced they were reforming in an October press conference, saying that they would also like to record new music.

The band have now signed to Columbia Records in the US and Universal Records in the rest of the world – Paving the way for new releases from the band in the future.

A band representative confirmed the deal to the press, saying: “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.”

Combined, the deals are rumored to be worth tens of millions of dollars to the band, who are already set to earn more than $15 Million from their sold-out three-night residency at Heaton Park in their hometown of Manchester.

The band are also due to perform at the V Festival and T In The Park in England, alongside Japan’s Fuji Rock Festival and Spain’s Benicassim.

The band, who have been recording new songs during rehearsals for their upcoming live shows, released their last album ‘The Second Coming’ in 1994.

Watch the music video for The Stone Roses’ ‘Fools Gold’ below: