iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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The Verve: Bitter Sweet Symphony

[youtube:http://www.youtube.com/watch?v=jLZ2aQz8KVE&feature=related 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter

8 comments

  1. BOOMER

    Love this tune. Too bad the guys never made a cent after the Rolling Stones sued them for the use of that string part.

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  2. The Fly

    Didn’t know that.

    Figured you’d like it.

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  3. gappingandyapping

    I WIN AGAIN!!!!!

    SAN FRANCISCO (MarketWatch) — J. Crew Group Inc. (JCG:
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    Last: 40.30-0.34-0.84%
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    JCG 40.30, -0.34, -0.8%) late Thursday reported its third-quarter profit and sales rose, beating Wall Street’s expectations. The clothing apparel maker also boosted its full-year profit outlook. J. Crew reported net income of $26.8 million, or 42 cents a share, compared with net income of $26 million, or 40 cents a share, a year ago. Revenue rose 21% to $332.7 million for the three months ended Nov. 3. Analysts polled by Thomson Financial estimated J. Crew would earn 36 cents a share on sales of $312 million. Looking ahead, J. Crew lifted its 2007 earnings target to a range of $1.50 to $1.52 a share, as compared to its previous target of $1.42 to $1.46. End of Story

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  4. Dinosaur Trader

    Good song.

    -DT

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  5. Employee8

    The Verve and The Rolling Stones : Truly Bittersweet
    The now defunct British outfit The Verve sampled an orchestration on their song “Bittersweet Symphony” from The Rolling Stone’s “The Last Time”. Before the release of the album, The Verve negotiated a licensing agreement with The Rolling Stones to use the sample — at least the composition rights to the sample. In 1997, The Verve’s album “Urban Hymns” peaked at number 23 on the Billboard Charts. What ensued was a bitter (and not sweet) legal battle resulting in The Verve turning over 100% of the royalties to the Rolling Stones. The Rolling Stones argued that The Verve had violated the previous licensing agreement by using too much of the sample in their song. The Verve argued that The Rolling Stones got greedy when the song became successful. Herein lies the issue of moral rights of a samplist.

    “The last thing I ever wanted was for my music to be used in a commercial. I’m still sick about it”, The Verve’s lead singer Richard Ashcroft said in a recent interview. So, that’s exactly what Rolling Stones manager Allen Klein did. 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 used the song to hawk 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. (Herein lies a fine caveat to license both the recording and composition rights from whomever maintains them.) To add even more insult to injury, when “Bittersweet Symphony” was nominated for a Grammy, Mick Jagger and Keith Richards were named the nominees and not The Verve. What could be more “Bittersweet” than your song reaching the top of the charts and not being able to enjoy a cent of its success?

    “It could’ve been worse,” Ashcroft continued. “If we hadn’t fought, ‘Symphony’ could’ve ended up on a cheeseburger ad and never have been taken seriously again.” Yum.

    >> Didn’t know that … thanks Boomer ….. Interesting stuff, so who was the asshat here, the Lawyer for Verve, The Stones or their (Stones) manager …. I nominate all three for an Asshat Award, post mortem of course!

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  6. Employee8

    Funny thing about that is that the sample or riff was an intro not on the Stones original recording but on the cover as performed by the Odham Orchestra. It’s unclear whether The Stones wrote the intro or the Orchestra did ( seems as though the Stones composed it but never recorded it but the Orchestra did) but The Verve’s licensing agreement didn’t protect them from using either the recording or the composition …. Odd No?

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  7. BOOMER

    gapping – nice work on your long JCG call. congrats, dont spend it all in one place!

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  8. buckeye bob

    helicopter ben fired the futures up again – here comes easyyyy money

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