In a rare interview with The Wall Street Journal, Mick Jagger, the frontman of The Rolling Stones, confirmed that he has no plans to sell the band’s post-1971 catalog. Instead, Jagger hinted at a more altruistic option: donating the catalog to charity. He stated that the children of the band members don’t need $500 million to live well and that the catalog could instead be used to do some good in the world. This news comes amidst a trend of iconic artists striking big-money catalog deals, making Jagger’s decision even more unique.
Jagger’s comments follow a series of major catalog deals in the music industry. Artists like Bruce Springsteen, Bob Dylan, Stevie Nicks, Neil Young, and David Bowie have all sold their music rights for sums ranging from $100 million to $500 million. However, Jagger and The Rolling Stones are taking a different approach by considering the possibility of using their catalog to benefit charitable causes. Jagger’s stance reflects a desire to make a positive impact and suggests a shift away from purely financial motivations in the music business.
Jagger’s interview coincides with the release of The Rolling Stones’ second single, “Sweet Sounds of Heaven,” from their upcoming album Hackney Diamonds. The song features Lady Gaga’s vocals and Stevie Wonder on various instruments. By choosing not to sell their catalog, The Rolling Stones are making a statement about their artistic legacy and the opportunity to contribute to something larger than themselves in the music industry.