Mick Jagger doesn’t seem interested in selling The Rolling Stones’ music catalog. In an interview with WSJ Magazine, which was published on Tuesday, the rock legend dismissed the notion of selling the band’s catalog, a trend that some artists like Bob Dylan and Justin Bieber have embraced in recent times. Instead, he hinted that the catalog might eventually be used for charitable purposes.
Jagger, who has eight children, remarked, “The children don’t require $500 million to lead a comfortable life. Let’s be realistic. You could potentially make a positive impact on the world.”
The band’s ownership of its catalog is limited to music released after 1971. Before that year, the rights to the band’s recordings, including iconic hits like “Paint It Black” and “(I Can’t Get No) Satisfaction,” are owned by ABKCO Music & Records, the company of The Rolling Stones’ former accountant, Allen Klein.
During the interview with WSJ Magazine, Jagger also drew parallels between the band’s earlier struggles with ownership of their music and Taylor Swift’s ongoing challenges with the ownership of her earlier albums.
He noted, “The music industry was in its infancy back then, lacking the support and the vast network of advisors available today. Nevertheless, similar issues still arise. Just look at what happened to Taylor Swift! I may not be privy to all the details, but it’s clear she wasn’t pleased.”
In addition to discussing ownership issues, Jagger mentioned that The Rolling Stones will be adding new music to their catalog in 2023. The band recently released the second single from their upcoming album, “Hackney Diamonds,” which is set to be released on October 20. This album marks their first collection of original material in 18 years and their first since the passing of drummer Charlie Watts.