Joint Venture For Leading Pop Groups
(N.Z. Press Assn. —Copyright) LONDON, October 15. The Beatles and the Rolling Stones—the world’s leading pop groups—are discussing a joint business venture. This was revealed on Friday by a spokesman for Nems Enterprises, the company that manages the Beatles, the “Observer” reports. Beatle Paul McCartney and Mick Jagger, the Stones’ leader, have already talked over ideas for a joint recording studio a multi-thousand pound project.
They may also launch an independent recording company to handle their own records and those of other groups.
Both groups have recording contracts—the Beatles with E.M.I. and the Stones with Decca—and any ideas for recording thamselves are therefore long-term, the “Observer” says.
The Nems spokesman emphasised that there was no intention of the two groups merging. “They have been close friends for some time and getting together like this in a limited way seemed logical,” he said.
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Press, Volume CVII, Issue 31501, 16 October 1967, Page 13
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148Joint Venture For Leading Pop Groups Press, Volume CVII, Issue 31501, 16 October 1967, Page 13
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