||Wednesday October 31 2:09 PM ET
Ex-Stones manager sued over 1960s record rights
LONDON (Reuters) - British record companies sued a former manager of the Rolling Stones in
London's High Court Wednesday over his claim to copyright of master recordings worth millions of
Andrew Loog Oldham, 57, argues that a U.S.-based company he is now involved with, Immediate
Records Inc, owns the rights to the recordings. They were issued between 1965 and 1970 on the
Immediate Records label, which he helped found.
But record companies Charly Acquisitions Ltd, Charly Trademarks Ltd and Castle Copyrights Ltd -- now
known as Sanctuary -- say they own the rights, and have been involved in releasing compilations of the
The catalog includes recordings by household names such as Rod Stewart, Fleetwood Mac, Eric Clapton,
Jeff Beck, Peter Frampton, Chris Farlowe, Humble Pie, P.P. Arnold, Amen Corner, Nico, and the
McCoys, who gave Immediate its first hit with the Top Ten song ``Hang on Sloopy.''
Records produced by Mick Jagger are also involved.
Loog Oldham, who became a millionaire after discovering the Stones and propelling them to stardom, was
a director and shareholder in Immediate Records before it went into liquidation in 1970.
In February last year he and the new company, Immediate Records Inc, announced that they would
release compilations of the recordings everywhere except Britain.
Loog Oldham, who now lives in Bogota, Colombia, says the sound recordings were paid for by him or
another company, Andrew Loog Oldham Ltd.
The case continues.