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Queen have signed a brand new major record deal with Universal Music Group, promising fans rare and unheard material as well as a movie and much more in the coming years. 

The long-term deal was announced at the launch of Queen: The Studio Experience, a major new Queen exhibition in Montreux, Switzerland. 

Queen’s Brian May and Roger Taylor said: "We have enjoyed working with Universal. In spite of being the biggest music company in the world they succeed in retaining a very hands-on personal relationship with their artists, something we much appreciate."

Chairman and Chief Executive of Universal Music Group International Max Hole added: "We have loved working with Queen over last three years.

"Queen remains one of the biggest, boldest and most influential bands in the world. The band and Universal Music have lots of ambitious plans for the future."

Watch the video for 'Innuendo' by Queen below

A statement from Universal said that the new deal 'will herald a range of exciting projects from the band including a raft of rare and unreleased material and a film'.

The news comes after guitarist Brian May said that the legendary band are currently working on a new record, after the discovery of Freddie Mercury demos. May has revealed his surprise at the quantity of the vocals tracks and the quality of the unheard music.

"There's more in there than we thought, in the Queen source archive. We've found some Freddie vocals, some demos," said May in a new interviewwith MOJO magazine.

"If we find an analogue 24-track of Freddie singing something that never got finished, the first thing we do is transfer it into the digital domain."

Below: The secret life of Freddie Mercury