Allen Klein: The Man Who Transformed Rock & Roll by Fred Goodman

Author:Fred Goodman [Goodman, Fred]
Language: eng
Format: epub
Tags: Beatles, Biography & Autobiography, Music, Nonfiction, Retail, Rock, Rolling Stones
ISBN: 9780547896861
Amazon: 0547896867
Publisher: Eamon Dolan/Houghton Mifflin Harcourt
Published: 2015-06-23T04:00:00+00:00

Buying out Oldham in 1968 and settling with Easton would turn out to be the greatest score in Klein’s career. For approximately $1.5 million—including what he would have been due out of the £200,000 paid out of the Decca funds—he bought a 50 percent royalty share in everything the Stones recorded through early 1971, beginning with their first recordings and ending with two tracks on the album Sticky Fingers. In between, there were eleven studio albums and EPs, two live albums, and numerous compilations. The two-record 1971 hits package Hot Rocks sold over six million copies in the United States alone in the first few years after its release.

The deal marked a radical change in Klein’s relationships with both Oldham and the Stones. He wasn’t just the Stones’ adviser, publisher, and American record manufacturer anymore; now he was their partner and as such had clearly acquired a conflict of interest. But that was just business as far as he was concerned. With Klein’s relationship to Oldham, the situation was murkier.

Klein’s feelings and actions toward Oldham were complex and contradictory. He could be abusive and insulting to Andrew, especially when Andrew wanted something. But Klein truly liked him—certainly more than he liked the Stones—and cared what happened to him, and he sought to give him fair and sound advice. And although no one, including the Rolling Stones, could imagine that the band would thrive for at least another forty years, Klein knew that, at the very least, Andrew had made him an offer he couldn’t possibly refuse. In the coming years, as Oldham had to reconcile himself daily with the knowledge that he’d given the golden goose to Klein, their relationship became one of stormy codependency defined on Oldham’s side by his eternal desire for a readjustment and on Klein’s side by his need to balance friendship, fairness, business, and his own sense of himself as the sharpest operator on the scene.

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