Wednesday, July 29, 2020

July 29th, 1970

1970:  July 29th – The Rolling Stones’ recording contract with Decca Records in the UK is about to expire … so they begin talking about forming their own record label.   

On this date they fire their business manager, Allen Klein, and inform him that “neither he nor his company, ABKCO Industries, have any authority to negotiate recording contracts on their behalf.”  They then turn in their newest LP in order to fulfill their contractual obligation to Decca.  Naturally, the label refuses to issue “Cocksucker Blues”!!!