Mick Jagger estimates that the Rolling Stones catalog is value a cool $500 million, however doesn’t plan to promote the large physique of labor.
The 80-year-old Rolling Stones frontman mentioned the potential sale of his band’s music IP in addition to various further matters throughout a Wall Avenue Journal sit down. (Whereas Keith Richards declined to talk with the Journal, he indicated in March of 2022 that he and Jagger hadn’t mentioned the matter “on a critical degree.”)
A much more efficient interview than another latest discussions, the speak arrived rather less than one month earlier than the scheduled launch of Hackney Diamonds, the Stones’ first unique studio album since 2005’s A Greater Bang.
On the song-rights entrance, Jagger acknowledged within the dialog that the Rolling Stones, owing to a greater than half-century-old settlement negotiated by supervisor Allen Klein, don’t possess the rights to their pre-1971 works.
The events litigated towards each other for various years; Klein handed away in 2009, and his still-active ABKCO firm maintains management of the releases, together with well-known tracks like “(I Can’t Get No) Satisfaction.”
Shifting past the concerned topic and returning to Jagger’s feedback in regards to the sale of the Stones catalog, the Dartford, Kent, native rejected the concept that it’d be preferable to maneuver ahead with a transaction as a way to give his heirs a lump-sum windfall.
To make sure, “the youngsters don’t want $500 million to dwell nicely,” per Jagger’s evaluation of the state of affairs and the IP’s estimated worth. The potential for donating the rights to charity was additionally broached in the course of the interview, albeit with out a dedication someway from Jagger.
In one other refreshing take, the three-time Grammy winner, whose life and ultra-popular work have commanded a share of the media highlight for north of 60 years, signaled that he doesn’t intend to publish an autobiography.
Particularly on the catalog facet, although, it’s hardly a secret that many legacy acts have chosen a unique path in recent times, opting as an alternative to money in on their IP.
93-year-old Sonny Rollins, 84-year-old Dion, 77-year-old Robby Krieger, 56-year-old Genesis, 82-year-old Neil Diamond, 71-year-old Sting, 74-year-old Bruce Springsteen, and 81-year-old Paul Simon symbolize a portion of those sale-minded professionals.
Notably, the estates of different creators but have likewise determined to promote music rights – with completely different heirs reportedly negotiating to take action at current.
“My children aren’t concerned with working my publishing firm,” Paul Simon defined of his catalog sale throughout a SiriusXM interview this month. “They don’t need to decide about whether or not ‘Homeward Sure’ needs to be a business…and I don’t blame them.”