He had been with EMI or its subsidiary Parlophone for 45 years until he exited in 2007, choosing to release his Memory Almost Full collection through a label associated with coffee chain Starbucks.
Sir Paul said in an interview after leaving the firm that he "dreaded going to see" its executives and the company's handling of his music had become "symbolic of the treadmill".
"Everybody at EMI had become part of the furniture. I'd be a couch; Coldplay are an armchair," he said.
Since then he has worked with rival music giant Universal but the firm went on to buy EMI and many of its associated labels. It set up Virgin EMI in March of this year by restructuring its labels and the company will release New on October 14.
New will be Sir Paul's first album of new solo material since Memory Almost Full and was recording in a number of studios including Abbey Road Studios in London, as well as locations in Los Angeles and New York.