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The Rolling Stones in the press: “Jagger, Richard Sign For Million”
STONES STRIKE GOLD… BUT MOVIE DREAM HITS A BUMP Last week was a wild ride for the Rolling Stones: Mick Jagger and Keith Richards just snagged a cool $1 million writing deal, cashing in big. Meanwhile, fans hoping for the band’s long-teased movie Only Lovers Left Alive got some bad news—London whispers say it might be scrapped. Money talks, movies stall, and the Stones keep doing their thing: making headlines, stacking deals, and leaving everyone guessing what’s next.
Individual members of the Rolling Stones scored big financial victories last week but it now appears the group has suffered a final set-back on its long-awaited movie.
While Mick Jagger and Keith Richard were signing a new $1,000,000 American writing deal, London sources were speculating on plans for “Only Lovers Left Alive” to be junked.
No Reason The Stones were due to start work on the film last month, but no one could give an official concrete explanation for the delay. “As far as we know,” said a spokesman for the British Film Institute, “the film has not gotten past the project stage yet.”
Stones manager Andrew Oldham was unavailable for comment last week but a spokesman for Decca Records said: “The whole matter is surrounded by legalities. As far as we know, there have been no new developments.”
If the movie has not been scrapped, it will probably be the middle of next year before filming begins.
Jagger and Richard, meanwhile, have continued to remain successful on their own. Their $1,000,000 contract, negotiated by Allen Klein, ties up the popular songwriting team for the next three years.
The guarantee against royalties was set through the Gideon Music firm in America. The Stones retain their British publishing firm, Mirage Music, which they own with Oldham.
Responsible for the bulk of the Rolling Stones major hits, Jagger and Richard will control all of future copyrights under the new deal. The guaranteed $1,000,000 comes in the form of advances.
Contrast This procedure is in direct contrast to at least one other prominent case in which the writers involved, though obtaining the same guarantee figure of $1,000,000, actually surrendered the rights to their songs.
Jagger and Richard have been highly successful with material not only for the Stones but for other artists as well.
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