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Encyclopedia > Allen Klein

Allen Klein (born December 18, 1931) is an American businessman and record label executive. He is best known (and somewhat notorious) for his tenacious management of rock and roll performers in the 1960s, and the subsequent hostile acquisition and control of their works. Investigations by the U.S. Securities and Exchange Commission led to his trial, conviction, and prison sentence for insider trading and securities fraud. is the 352nd day of the year (353rd in leap years) in the Gregorian calendar. ... Year 1931 (MCMXXXI) was a common year starting on Thursday (link will display full 1931 calendar) of the Gregorian calendar. ... Rock and roll (also spelled Rock n Roll, especially in its first decade), also called rock, is a form of popular music, usually featuring vocals (often with vocal harmony), electric guitars and a strong back beat; other instruments, such as the saxophone, are common in some styles. ... The 1960s decade refers to the years from 1960 to 1969. ... The U.S. Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ... Insider trading is the trading of a corporations stock or other securities (e. ... For a discussion of the legal actions for securities fraud in the United States under the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, see the Wiki entry for the Private Securities Litigation Reform Act. ...

Contents

The accountant

Allen Klein was born the son of Jewish immigrants from Budapest. His father was a butcher, and his mother died before he reached the age of one. As a teenager, he worked several jobs while attending evening classes. He excelled at mental arithmetic, and graduated from Upsala College, East Orange, New Jersey, in 1956. He did bookkeeping for several show-business people, and audited record companies. In 1957 he began his own business, a partnership with his wife Betty. A couple of years later, while attending a wedding, he met singer Bobby Darin. He asked Darin "How would you like to make $100,000?" A stunned Darin asked what he had to do. "Nothing," was Klein's reply. He then pursued Darin's record company for what he regarded as monies owed to the singer. Darin let Klein audit his accounts and received the cheque, exactly as promised. This 'no win, no fee' approach became his trademark. Record industry insiders began to fear his blunt-speaking tenacity, and celebrities began to recommend him. For other uses, see Budapest (disambiguation). ... Arithmetic tables for children, Lausanne, 1835 Arithmetic or arithmetics (from the Greek word αριθμός = number) is the oldest and most elementary branch of mathematics, used by almost everyone, for tasks ranging from simple day-to-day counting to advanced science and business calculations. ... Upsala College in 1902. ... Map of East Orange in Essex County East Orange is a city in Essex County, New Jersey, USA. As of the United States 2000 Census, the city had a total population of 69,824. ... Bobby Darin (born Walden Robert Bobby Cassotto, 14 May 1936-December 20, 1973) was one of the most popular American big band performers and rock and roll teen idols of the late 1950s. ...


Sam Cooke

Following the death of his son in 1963, Sam Cooke started to take control of all aspects of his career. He demanded his own record company. Allen Klein became his business manager (a role which never previously existed), someone who would take the artist's side in negotiations with the recording industry. He secured an unprecedented agreement, with Cooke starting a new label (Tracey Records) that would own the rights to all of his future recordings (it would be distributed, at first, by RCA), site fees, gate revenues for concerts, 10% of all records sold, and back royalties. Allen Klein forever changed the relationship between record company and artist. This article does not cite any references or sources. ... RCA, formerly an acronym for the Radio Corporation of America, is now a trademark owned by Thomson SA through RCA Trademark Management S.A., a company owned by Thomson. ... This article or section does not adequately cite its references or sources. ...


When Cooke died in 1964, Cooke's wife Barbara became the owner of Tracey Records. She later sold these rights to Allen Klein.


Cameo Parkway

Cameo Records was formed in 1956 and Parkway, a subsidiary, was formed in 1958. They were based in Philadelphia and specialised in pop music for the teen market. They had run out of hits by1964, but struggled on until 1967, when Klein bought them, together with rights to music by The Animals, Herman's Hermits, Bobby Rydell, ? and The Mysterians, Chubby Checker and recordings produced by Mickie Most. The music of Cameo Parkway was made available to the public in 2005. Cameo and its sister label Parkway were a major Philadelphia-based record label. ... Jan. ... For other uses, see Philadelphia (disambiguation) and Philly. ... For other uses, see Pop music (disambiguation). ... The US edition of The Animals self-titled debut album. ... Hermans Hermits were an English rock band in the 1960s, formed in Manchester in 1963. ... Bobby Rydell 1998 Bobby Rydell (born Robert Louis Ridarelli, 26 April 1940 in Philadelphia, Pennsylvania) is an American teen idol from the early days of Rock and Roll. ... Chubby Checker is the stage name of Ernest Evans (born October 3, 1941), an American Rock and Roll singer best known for popularizing the dance The Twist with his 1960 song The Twist. He was born in Spring Gulley, South Carolina,[1] and raised in South Philadelphia, Pennsylvania, and attended... Mickie Most, born Michael Peter Hayes (20 June1938–30 May2003), was a successful English record producer, notably with a string of Number One hit singles with his own RAK Recordsand acts such as The Animals, Hermans Hermits, Donovan, and Suzi Quatro. ...


The Rolling Stones

Andrew Loog Oldham was losing his battle with drugs in 1965. Allen Klein then took over from him, as business manager of The Rolling Stones. Mick Jagger had studied at the London School of Economics and was initially impressed enough with Klein's business skills to recommend him to Paul McCartney. Not long after, Jagger started to doubt Klein's trustworthiness. By the late 1960s the Stones decided to fire Klein, and set up their own business structure in 1970 - however a legal settlement meant giving Klein the rights to most of their songs recorded before 1971. Andrew Loog Oldham (born 1944) is a British rock and roll producer, impresario and author. ... Rolling Stones redirects here. ... Sir Michael Phillip Mick Jagger (born July 26, 1943) is an English rock musician, actor, songwriter, record and film producer and businessman. ... Mascot Beaver Affiliations University of London Russell Group EUA ACU CEMS APSIA Universities UK U8 Golden Triangle G5 Group Nobel laureates 14 Website http://www. ... Sir James Paul McCartney, MBE (born 18 June 1942) is an English singer, songwriter and multi-instrumentalist who first gained worldwide fame as one of the founding members of The Beatles. ...


The Beatles

Since the death of Brian Epstein, The Beatles had been without a manager per se, although NEMS, headed by Epstein's brother Clive, had been taking care of day-to-day business, with Peter Brown acting as liaison to both the Beatles and the Epsteins, and Paul McCartney steering the band artistically [citation needed]. Without a performing schedule, and with recording and filming dates in their own hands, the Beatles had not needed a traditional kind of manager. They had, however, gradually lost many of the people Epstein had made business deals with early in their career, such as Dick James and Dr. Walter Strach, which had secured the band financially. They were used to asking for something to be done, without thinking of the price; much of Apple Corps had been set up in this way. Epstein had been the one to put the brakes on spending, talk over practicalities, and say "no". This had been all but forgotten. Without a damper, the band had overspent, and overtrusted, and problems arose. Image File history File links This is a lossless scalable vector image. ... Brian Samuel Epstein (IPA: ) (born in Liverpool, England; 19 September 1934 – 27 August 1967) was the manager of The Beatles. ... The White Album, see The Beatles (album). ... Brian Samuel Epstein (September 19, 1934 – August 27, 1967) was a Jewish-English businessman, best known as the manager of The Beatles. ... There have been several people named Peter Brown. ... Sir James Paul McCartney, MBE (born 18 June 1942) is an English singer, songwriter and multi-instrumentalist who first gained worldwide fame as one of the founding members of The Beatles. ... Dick James (born Reginald Leon Vapnick, in 1920, in London died 2 January 1986) was the singer of the Robin Hood and The Buccaneers themes, from British television in the 1950s and was a friend and associate of renowned record producer George Martin. ... Apple Records logo, featuring a Granny Smith apple. ...


By 1969, Apple Corps was in a financial mess, and it was becoming obvious that a business brain was needed to sort things out. Several names were considered, including Lord Beeching. Paul McCartney favoured Lee Eastman (father of McCartney's wife, Linda) as the man for the job, a suggestion that did not sit well with the other three Beatles, as they felt that Eastman would be batting for McCartney's interests ahead of those of the rest of the group. Klein contacted John Lennon after reading Lennon's press comment that the Beatles would be "broke in six months" if things continued as they were. Dr. Richard Beeching later Baron Beeching (21 April 1913 — 23 March 1985) was an British physicist and engineer, and former chairman of British Railways. ... Lee Eastman (12 January 1910 - 30 July 1991) was a New York show business attorney, the son of Louis and Della (Freyer) Epstein. ... Linda Louise Eastman McCartney (September 24, 1941 – April 17, 1998) was an American photographer, musician, and animal rights activist. ... John Winston Ono Lennon, MBE (October 9, 1940 – December 8, 1980), (born John Winston Lennon, known as John Ono Lennon) was an iconic English 20th century rock and roll songwriter and singer, best known as the founding member of The Beatles. ...

Klein poses with Yoko Ono, John Lennon, Paul McCartney and Ringo Starr at a fictitious "contract signing", 1969

After a meeting at the Dorchester Hotel in London's Hyde Park, where Klein impressed Lennon with both his in-depth knowledge of Lennon's work and his tough 'streetwise' attitude and language, Lennon convinced George Harrison and Ringo Starr that Klein should take over instead. Paul McCartney agreed to pose for photographs with Klein as a show of unity, pretending to sign a new contract, but he never put his signature on the paper. This fundamental disagreement about who should manage them, fuelled by a decade-long build up of resentments and insecurity about other matters such as power and influence within the group, was one of the key factors in the eventual break-up of The Beatles. Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Yoko Ono Lennon (小野 洋子 Ono Yōko), born February 18, 1933) is a Japanese-American artist and musician. ... John Winston Ono Lennon, MBE (October 9, 1940 – December 8, 1980), (born John Winston Lennon, known as John Ono Lennon) was an iconic English 20th century rock and roll songwriter and singer, best known as the founding member of The Beatles. ... Sir James Paul McCartney, MBE (born 18 June 1942) is an English singer, songwriter and multi-instrumentalist who first gained worldwide fame as one of the founding members of The Beatles. ... Richard Starkey Jr, MBE (born 7 July 1940), known by his stage name Ringo Starr, is an English musician, singer, songwriter and actor, best known as the drummer for The Beatles. ... The Dorchester is a leading luxury hotel on Park Lane in Mayfair, London, overlooking Hyde Park. ... This article is about the capital of England and the United Kingdom. ... “Hyde Park” redirects here. ... For other persons named George Harrison, see George Harrison (disambiguation). ... Richard Starkey Jr, MBE (born 7 July 1940), known by his stage name Ringo Starr, is an English musician, singer, songwriter and actor, best known as the drummer for The Beatles. ...


The Apple label was struggling, and Klein offered to work for a percentage of their increased business only. In 1969, he re-negotiated their contract with EMI, granting them the highest royalties ever paid to an artist at that time; 69 cents per $6-7 album. He oversaw the issuing of the single "Something"/"Come Together". His contacts enabled him to recruit Phil Spector for the album and film Let It Be. Apple Records logo, featuring a Granny Smith apple. ... For other uses, see EMI (disambiguation). ... For other uses, see Something (disambiguation). ... For other uses, see Come Together (disambiguation). ... Harvey Philip Spector (born December 26, 1939) is an American musician, songwriter and record producer. ... For the Taiwanese film whose foreign title translates to the same name, see 無米樂 Let It Be is a 1970 film about the Beatles rehearsing and recording songs for the album Let It Be in January 1969. ...


On the other hand, Klein also managed to alienate many of the people who had previously been part of The Beatles' business and personal circle, with his abrasive style of management and negotiation. His cost-cutting measures at Apple Corps included what was considered by some as 'cold-blooded' firing of many of the employees that had flocked to The Beatles' experiment in commune-business, including the erratic Magic Alex and old Epstein minion and friend Alistair Taylor. He also closed the Zapple Records imprint. He spoke occasionally at Apple and Beatles press conferences; a reporter for the London Evening Standard remarked later that Klein "must have set some kind of record for unprintable language" at one such conference. Apple Records logo, featuring a Granny Smith apple. ... Yanni (John) Alexis Mardas, better known as Magic Alex (born May 5, 1942, Athens, Greece), a self-styled electronics wizard, was the head of The Beatles Apple Electronics. ... Alistair Taylor is the personal assistant of Brian Epstein. ... Zapple Records was a subsidiary of Apple Records, intended to release spoken word and avant garde records. ...


In spite of Klein's financial successes for the Beatles, McCartney continued to distrust Klein. McCartney eventually sued the other three Beatles for what he called 'a divorce', and the Beatles as a business unit came to an end. Klein made his final settlements with Lennon, Harrison and Starr in 1977. In 1978, he was parodied by John Belushi as "Ron Decline" in the TV film All You Need Is Cash. John Adam Belushi (January 24, 1949 – March 5, 1982) was an Emmy Award-winning American comedian, actor and musician, notable for his work on Saturday Night Live, National Lampoons Animal House and The Blues Brothers. ... All You Need Is Cash (also known as The Rutles) is a 1978 television film that traces (in mockumentary style) the career of a British rock group called The Rutles. ...


Solo Beatles

Klein helped John Lennon and Yoko Ono with their film Imagine, and helped George Harrison to organise the Concert for Bangladesh. It was here that his reputation started to unravel. Rather than prearrange matters with UNICEF, Klein waited until after the concert to approach them, leading to questions about the proceeds, and finally a US tax investigation. While a check was cut at the time, additional proceeds meant for UNICEF were frozen in an escrow account until the 1980s. Also, Klein had sided with Harrison in believing Yoko Ono should not perform at the concert, wanting Lennon to appear without her, causing Lennon to cool on Klein. (He later took out his feelings toward Klein in "Steel And Glass", which appeared on his 1974 album Walls and Bridges.) After several suits and countersuits, Klein settled for a final payment of £3.5 million. A 1973-released movie by John Lennon and Yoko Ono, filmed mostly at their Tittenhurst Park home in Ascot, England, during 1971, and intended for television. ... The Concert For Bangladesh was the event title for two concerts held on the afternoon and evening of August 1, 1971, playing to a total of 40,000 people at Madison Square Garden in New York. ... UNICEF Logo The United Nations Childrens Fund or UNICEF (Arabic: ; French: ; Spanish: ) was established by the United Nations General Assembly on December 11, 1946. ... This article is about the legal arrangement. ... Yoko Ono Lennon (小野 洋子 Ono Yōko), born February 18, 1933) is a Japanese-American artist and musician. ... Walls and Bridges is an album by John Lennon released in 1974. ...


It turned out Klein and George Harrison were not completely finished with each other. While Klein had supported and advised Harrison during the first phase of his "My Sweet Lord" lawsuit, Klein later bought Bright Tunes, the music publishing company that sued Harrison, thus becoming his legal opponent. A judge ruled later that Klein had unfairly switched sides in the lawsuit, and it counted against Klein in court. (Harrison ultimately became the owner of "He's So Fine", the song at the heart of the case.) For other uses, see My Sweet Lord (disambiguation). ... A music publisher is an agent, who deals in the marketing of songs. ...


The Stones again

Klein acquired the rights to all of The Rolling Stones' recordings from the 1960s and two from the 1970s. Klein's ABKCO label released the rarest of all Stones albums, Songs Of The Rolling Stones (1975). By the late 1990s, some of the 1960s albums were becoming hard to acquire on CD. Finally, in 2002, Allen's son Jody Klein oversaw a re-mastering of the 1960s albums, to much acclaim. Outside the US, they are licenced to Universal, now owner of their original home, Decca. ABKCO Music & Records, Inc. ... Decca may refer to: Decca Records, a 1929 British record label, also known as Decca Music Group Decca Radar (later Racal-Decca Marine), a British marine electronics manufacturer, a spin-off from the gramophone and records company Decca tree, a microphone recording system London Decca, a maker of turntable tonearms...


Klein bought the rights to music produced by Phil Spector, such as the Philles Records and Phil Spector International catalogues, in the 1980s. Harvey Philip Spector (born December 26, 1939) is an American musician, songwriter and record producer. ... Philles Records was formed in 1961 by Phil Spector and Lester Sill. ... Phil Spector International was operated between 1970 and 1980 by Malcolm Jones as a reissue label of the Philles catalogue. ... The 1980s refers to the years from 1980 to 1989. ...


The Stranger films

Klein produced a triology of spaghetti westerns starring and written by Tony Anthony (actor) copying Clint Eastwood's The Man With No Name. A Stranger In Town and The Stranger Returns were released in the USA by MGM. A dispute with MGM over the last one The Silent Stranger led to it not being released for seven years after production. Klein and Anthony also collaborated on the film Blindman featuring Ringo Starr as a Mexican bandido. Clint Eastwood as the Man with No Name in A Fistful of Dollars Once Upon a Time in the West, in true Sergio Leone style, ends with an extended shootout scene between Harmonica (Charles Bronson) and Frank (Henry Fonda). ... Tony Anthony (born Roger Pettito on October 16, 1937, in Clarksburg, West Virginia), is a former film actor, producer, director, and screenwriter. ... This article is about the actor/producer/director. ... ... MGM logo Metro-Goldwyn-Mayer or MGM, is a large media company, involved primarily in the production and distribution of cinema and television programs. ... Richard Starkey Jr, MBE (born 7 July 1940), known by his stage name Ringo Starr, is an English musician, singer, songwriter and actor, best known as the drummer for The Beatles. ...


Alejandro Jodorowsky films

John Lennon, after seeing and being impressed with Argentine cult film director Alejandro Jodorowsky's El Topo, persuaded Allen Klein, who was his manager at the time, to buy the rights and bankroll Jodorowsky's next film, The Holy Mountain (1973). The Jodorowsky-Klein collaboration was an artistic success but plans for a follow-up never materialized. Witnessing the commercial success of hard-core pornographic films, such as Deep Throat and The Devil In Miss Jones, which broke through to the mainstream, Klein saw similar potential in Pauline Réage's sado-erotic bestseller Story Of O, but Jodoroswky walked out on the deal. In retribution, Klein withdrew every print of El Topo and The Holy Mountain and turned down all subsequent requests by film festivals from around the world to show them. Effectively, the two films were withdrawn from circulation for more than thirty years, with sporadic, illegal (bootleg) appearances on video -- of usually bad quality. Jodorowsky publicly endorsed those pirate copies of his work, since he was unable to show it otherwise, in any case. The legal battle that resulted from Klein's decision to withdraw the films, ended in 2004, when his son, Jody Klein, telephoned Jodorowsky and effected a reconciliation. In response to the films' re-appearance, both Cannes and London film festivals currently organise gala screenings. [1] Both films are currently out also in DVD format. [2] John Winston Ono Lennon, MBE (October 9, 1940 – December 8, 1980), (born John Winston Lennon, known as John Ono Lennon) was an iconic English 20th century rock and roll songwriter and singer, best known as the founding member of The Beatles. ... A cult film is a film that has acquired a highly devoted but relatively small group of fans. ... Alejandro (or Alexandro) Jodorowsky Alejandro Jodorowsky or Alexandro Jodorowsky (IPA: ) (born February 7, 1929, in Tocopilla, Chile) is an actor, playwright, director, producer, composer, mime, comic book writer and psychotherapist born to Ashkenazi Jewish parents of Russian origin. ... El Topo (The Mole) is a 1970 Mexican allegorical, cult western movie and underground film, directed by and starring Alejandro Jodorowsky. ... La montaña sagrada (The Holy Mountain, reissued as The Sacred Mountain) is a 1973 cult film directed by Alejandro Jodorowsky who also participated as actor, composer, set designer, and costume designer. ... Pornography (from Greek πορνογραφια pornographia — literally writing about or drawings of harlots) is the representation of the human body or human sexual behaviour with the goal of sexual arousal, similar to, but (according to some) distinct from, erotica. ... Deep Throat is an American pornographic movie released in the summer of 1972, written and directed by Gerard Damiano and starring Linda Lovelace (the pseudonym of Linda Susan Boreman). ... The Devil in Miss Jones (1973) The Devil in Miss Jones is a 1973 Pornographic movie, written and directed by Gerard Damiano. ... Pauline Réage, pseudonym of Anne Desclos (September 23, 1907 - April 27, 1998), was a French author. ... One version of the Roissy triskelion ring described in the book Movie-style Ring of O, as sold in Europe Histoire dO (English title: Story of O) is an erotic novel published in 1954 about sadomasochism by French author Anne Desclos under the pen name Pauline Réage. ... For other uses, see Bootleg. ... The Cannes Film Festival (French: le Festival de Cannes), founded in 1939, is one of the worlds oldest, most influential and prestigious film festivals. ... The Times BFI London Film Festival is the UKs largest public film event, screening 300 films from 60 countries. ...


The Verve

On their song "Bittersweet Symphony", the British rock group The Verve sampled an orchestration from The Rolling Stones' "The Last Time", the rights to which are owned by Allen Klein's ABKCO Industries. Before the release of the album, The Verve negotiated a licensing agreement with Klein, who administers the Stones catalogue, to use the sample (at least the composition rights to the sample). In 1997, The Verve's album Urban Hymns peaked at No. 23 on the Billboard charts. A bitter legal battle ensued, resulting in The Verve turning over 100% of the royalties to ABKCO. Klein argued that The Verve had violated the previous licensing agreement by using too much of the sample in their song. The Verve argued that Klein got greedy when the song became successful. Capitalizing off the success of the song, Klein licensed The Verve's "Bittersweet Symphony" to Nike, who proceeded to run a multi-million dollar television campaign using The Verve's song over shots of its sneakers. Klein also allowed the song to be used in advertisements for Vauxhall automobiles. (Additionally, though the song was authored by The Rolling Stones, the Andrew Loog Oldham Orchestra performed the sampled recording, and also filed suit upon the success of the song. When "Bittersweet Symphony" was nominated for a Grammy Award, Mick Jagger and Keith Richards of the Rolling Stones were named as the nominees, and not The Verve). Bittersweet Symphony is a song by the band The Verve, appearing on their third album, Urban Hymns. ... Not to be confused with The Verve Pipe. ... Singles from Urban Hymns Released: 16 June 1997 Released: 1 September 1997 Released: 24 November 1997 Released: 2 March 1998 Urban Hymns is the highly acclaimed alternative rock/space rock album released on September 29, 1997 by English rock band The Verve. ... On January 4, 1936, Billboard magazine published its first music hit parade and on July 20, 1940 the first Music Popularity Chart was calculated. ... Nike, Inc. ... For information about the football team see Vauxhall Motors F.C. Vauxhall Motors is a UK car company. ... The Andrew Oldham Orchestra is a side project fronted by Andrew Loog Oldham, the original manager of the Rolling Stones. ... This article does not cite any references or sources. ... Sir Michael Phillip Mick Jagger (born July 26, 1943) is an English rock musician, actor, songwriter, record and film producer and businessman. ... Keith Richards (born 18 December 1943) is an English guitarist, songwriter, singer and a founding member of The Rolling Stones in 1962. ...


References

  1. ^ Sight & Sound magazine, vol. 17, issue 5, May 2007, p. 92
  2. ^ the website of Abkco Films

  Results from FactBites:
 
Allen Klein - Wikipedia, the free encyclopedia (946 words)
Allen Klein was born on 18th December 1931, the son of Budapest butchers.
Klein agreed with George that Yoko Ono should not be in the concert and this started to create friction.
Reportedly, Klein originally acquired them on the advice of John Lennon, who was said to be a big fan of the movies.
Allen Klein - definition of Allen Klein in Encyclopedia (763 words)
Paul McCartney agreed to put on a show of unity by posing for photographs at the signing of Klein as manager, but he never put his signature on the paper.
The Apple label was struggling and Klein offered to work for a fee that was a share on any increases in profit.
Finally in 2002, Allen son, Jody Klein oversaw a re-mastering of the 60's albums, to much acclaim.
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