Good profile of Mick Jagger by Zoe Heller for the NYT’s T Magazine:

The rise of illegal file sharing and the correspondingly steep worldwide decline in CD sales have made these tough times for record companies and recording artists alike. But the Rolling Stones continue to do very nicely, thank you. This is partly because what remains of the market for CDs is dominated by baby boomers — the Stones’ demographic — and partly because Jagger, together with his recently retired financial adviser, Prince Rupert Loewenstein, has been exceptionally wily about exploiting other revenue streams. “There was a window in the 120 years of the record business where performers made loads and loads of money out of records,” Jagger says. “But it was a very small window — say, 15 years between 1975 and 1990.” Touring is now the most lucrative part of the band’s business.

Thursday, 16 December 2010