Monday, July 6, 2009
BEWARE OF ABKCO
Another one bites the dust...
Oh man, there I was yesterday claiming the 60s never died, but now another "big one" from the decade has departed this earth, although at a pretty ripe age.
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Allen Klein, the man that John Lennon wanted to manage the Beatles and Apple Corps affairs has died at 77.
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Klein was of such stature in the Beatle world that he was even parodied in The Rutles as Ron Decline, who Nasty (John) adored because, "his left hand never knew who his right hand was doing."
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Yes, brilliant stuff. As was noted, Ron was "a man after his own wallet."
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But now, we won't have Ron to kick around anymore, nor will the
Rolling Stones who in 1969 somehow gave up the master tapes of all of their 1963 to 1970 material to Klein, in exchange for what was then a good sum, 1 million $.
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Of course Klein's ABKCO entertainment company made that mill and many more back over the years with vinyl and CD sales of the early Stones' albums and singles.
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I have always found it ironic that after working so hard to "make it" in the music biz, even the best of the bands like the Beatles and Stones always seemed to team up with "managers" who, how shall I put this gently, at least appeared to have ripped them off.
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Perhaps Mick and boys will now buy back all their material from the Klein estate.
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And perhaps not.
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