Allen Klein Demands 100% Publishing Rights for The Verve's 'Bitter Sweet Symphony'
What happened
The Verve secured permission from Decca records to use a sample from The Rolling Stones' song "The Last Time" for their 1997 hit, "Bitter Sweet Symphony." However, Allen Klein, the former manager of The Rolling Stones, demanded 100% of the song's publishing rights.
From wpdh.com
Why it matters
The dispute centers on the ownership and control of intellectual property rights for a major hit song. The outcome determines future revenue streams related to the song's use and licensing.
From wpdh.com
Who's involved
- DeccaBritish record label that granted permission for the sample used in the song.
- Allen KleinFormer manager who demanded 100% of the publishing rights for the song.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Allen KleinSpeculative
Allen Klein could gain guaranteed future revenue streams through the acquisition of 100% publishing rights.
- AshcroftSpeculative
Ashcroft might see its ownership and control affected by the agreement fixing payment at $1,000.