A Bitter Sweet Saga: How richardashcroft lost and won back the songwriting rights to his signature tune
"Songwriters often talk about their songs as if they are their children and to have one of your children taken away from you has been brutal for Richard," Kennedy tellsabout the famous copyright case. "He has endured it, not always patiently or in silence, but it has been terrible for him."ABKCO, the company of onetime, owns and administers the publishing for all Jagger-Richards compositions from 1963 to 1971.
To this day, the only publishing money that Ashcroft has ever received from "Bitter Sweet Symphony" is $1,000, which he was paid as part of the settlement deal -- a tiny fraction of the almost $5 million thatestimates the song has earned in total publishing revenue through sales and synchronization on commercials, movies and TV shows over the years.
Instead, Klein suggested they speak to Mick Jagger and Keith Richards. A short time later, Kennedy met with Rolling Stones manager"The most likely outcome was that nothing would happen. That Joyce would say, 'John, what upside is there for me in going to my client and asking them to give up one of their income streams?'" recalls Kennedy.
The announcement was made public at the Ivor Novello awards in London on May 23, where Ashcroft, who supported the Stones on several dates of their 2018 European tour, was recognized for his outstanding contribution to British music. In a statement, Ashcroft called the development a "remarkable and life-affirming turn of events... made possible by a kind and magnanimous gesture from Mick and Keith.
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