souldoggie
Rocks Off Regular
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Rocks Off Rules You Bastards
Posts: 4
Ohio
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It has been my understanding that the royalties paid on the Abkco controlled stuff is that Mick and Keith receive half of what Klein receives.
So, if a song pays one dollar USD, Allen receives 50 cents, Mick receives 25 cents and Keith receives 25 cents. What Mr. Oldham is referring to as far as "Mick and Keith got the watch, I got the watch band" refers to the fact that artists, in addition to receiving the lucrative writing royalties (if applicable), also receive performance royalties and/or producer rolayties. My guess is that with this sample by Verve, Oldham receives producer credits and a portion of the performance royalties. To my knowledge, the only writer credit that Oldham is paid on with his work with The Rolling Stones is the 1/3 writing split on "As Tears Go By." In the instance of that song, again based on a one dollar payout, Klein receives 50 cents, Mick approximatley 16.5 cents, Keith 16.5 cents, and Andrew 16.5 cents.
To this day, I still hear "As Tears Go By" now and then in "musak" or "middle of the road" formats. On elevators, in grocery stores. And the penny's add up. Andrew Oldham has enjoyed a nice lifestyle due to his work from 1963-1967. The checks still arrive in the mailbox every quarter. Not too bad for a half decades worth of work.
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