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— CH. 1 · THE 1961 BUSINESS START —

ABKCO Records

~3 min read · Ch. 1 of 7
7 sections
  • Allen Klein opened a small office in New York City during the year 1961. He called this new venture Allen Klein & Co. The business focused on managing music clients like Bobby Darin and Sam Cooke. These early deals laid the groundwork for a much larger empire. By 1968, the company had grown enough to become ABKCO Industries. This umbrella organization handled management, publishing, film, and television production. The name stood for Allen and Betty Klein and Company. Klein often joked that it meant A Better Kind of Company.

  • ABKCO purchased the Cameo-Parkway Records catalog in late 1968. They also acquired a manufacturing facility at the same time. This purchase gave them rights to artists such as Chubby Checker and Bobby Rydell. The label kept these recordings locked away from the public for decades. Fans criticized the decision to withhold material until 2005. Original artists sometimes had to re-record their hits for oldies compilations. Chubby Checker was forced to re-record his song The Twist for inclusion on budget albums. Jody Klein later oversaw an extensive remastering of these 1960s recordings before releasing them.

  • The company maintained strict licensing policies regarding its vast catalog. ABKCO prevented the release of original versions of songs for many years. They sat on entire catalogs from artists like Bobby Rydell and Chubby Checker. Some fans felt the label prioritized profit over historical preservation. The policy required artists to create new versions if they wanted to appear on bargain-basement LPs. This approach generated significant criticism from collectors and music historians. It took until 2005 for the label to finally make the Cameo-Parkway recordings available again. Jody Klein eventually credited himself with getting these recordings released after taking partial ownership.

  • In January 1970, the Beatles signed a management contract with ABKCO Industries. The group later terminated this agreement and faced legal action from the company. A suit resolved in 1977 when the Beatles paid ABKCO four point two million dollars. Other lawsuits continued for at least another decade involving the band. One major case involved George Harrison and his song My Sweet Lord. ABKCO acquired Bright Tunes Music Corporation during negotiations over copyright similarities. The court found Harrison guilty of infringement but also ruled that ABKCO breached fiduciary duty. The appellate court upheld the district decision against both parties regarding the earnings from the acquisition.

  • ABKCO sued the Verve over their hit song Bitter Sweet Symphony. The track sampled an Andrew Oldham Orchestra recording of The Last Time by the Rolling Stones. Mick Jagger and Keith Richards eventually handed back rights to future royalties in May 2019. They split ties with ABKCO Records after years of conflict. Another lawsuit targeted rapper Lil Wayne in July 2008. ABKCO claimed his track Playing with Fire derived from the Rolling Stones song Play with Fire. The label owned the rights to the original Stones composition. As a result, the song was removed from online listings for Tha Carter III.

  • The company expanded into film production alongside its music business. ABKCO controls rights to Alejandro Jodorowsky's early films including Fando y Lis and El Topo. They also hold rights to The Holy Mountain. In 2020, they served as a production company on Regina King's One Night in Miami. Sam Cooke appears as a central character in that film. Soundtrack releases include Joy, Safety Not Guaranteed, and Our Idiot Brother. The label has released soundtracks for Wes Anderson films starting from The Darjeeling Limited. Television shows like Big Little Lies and Boardwalk Empire also feature their music.

Common questions

When did Allen Klein open his first office in New York City?

Allen Klein opened a small office in New York City during the year 1961. He called this new venture Allen Klein & Co.

What does ABKCO stand for and when was it established as an umbrella organization?

The name stood for Allen and Betty Klein and Company. By 1968, the company had grown enough to become ABKCO Industries.

Why were Cameo-Parkway Records recordings withheld from the public until 2005?

ABKCO kept these recordings locked away from the public for decades due to strict licensing policies regarding its vast catalog. It took until 2005 for the label to finally make the Cameo-Parkway recordings available again.

How much money did the Beatles pay ABKCO Industries to resolve their legal dispute in 1977?

A suit resolved in 1977 when the Beatles paid ABKCO four point two million dollars. The court found Harrison guilty of infringement but also ruled that ABKCO breached fiduciary duty.

When did Mick Jagger and Keith Richards return rights to future royalties for Bitter Sweet Symphony?

Mick Jagger and Keith Richards eventually handed back rights to future royalties in May 2019. They split ties with ABKCO Records after years of conflict.