The Economics Of The Rolling Stones

What does it really mean to own the Rolling Stones? Most people assume the biggest band in the world simply got rich off its music—but the truth is far stranger. In this video, we break down the complete economics of the Rolling Stones: how they went broke at the very top, who actually owned their greatest songs, and how a Bavarian prince rebuilt them into one of the wealthiest acts in history. Discover how manager Allen Klein and his company ABKCO ended up owning the master recordings and publishing to "Satisfaction," "Paint It Black," and every hit from 1963 to 1971—songs the band still does not own today. See why Britain's punishing tax rates forced the Stones to flee the country in 1971 and record "Exile on Main St." in the South of France, and how their financial manager, Prince Rupert Loewenstein, moved their money into a web of Dutch companies that cut their effective tax rate to roughly 1.6 percent. We'll also break down the touring machine—the first major corporate-sponsored tour, Michael Cohl's industry-changing 1989 deal, and the $558 million "A Bigger Bang" tour that made them the highest-grossing act on earth. Whether you're curious about finance, the music business, rock history, or how real fortunes are actually built and lost, this documentary-style explainer will give you a clear understanding of one of the most misunderstood money stories in music. If you enjoy deep dives into money, business, history, and the economics behind the music, don't forget to Like, Subscribe, and turn on notifications for a new forensic breakdown every week. Chapters Include: Chapters: 0:00 Broke at the Top of the World 2:05 The Record Deal That Set the Trap 3:50 Recoupment: How Artists Get Robbed 5:10 How the Stones Lost Their Catalog 7:00 Fleeing Britain: The 1971 Tax Exile 8:55 Prince Rupert & the Dutch Money Machine 11:15 The Touring Empire: Jovan to Cohl 13:40 The $558 Million Tour 15:10 The Verdict: They Still Don't Own "Satisfaction" Sources: https://www.newsweek.com/sympathy-dev... https://en.wikipedia.org/wiki/Promoto... https://fortune.com/2015/04/14/celebr... https://en.wikipedia.org/wiki/A_Bigge... https://www.hollywoodreporter.com/mus... #RollingStones #Economics #MusicBusiness #Finance #RockHistory #MickJagger