SEX PISTOLS GET THEIR MONEY
£lm PAY-OUT FOR SEX PISTOLS
Sex Pistols are to share a bumper £lm pay-out following their former manager
Malcolm McLarens sudden withdrawal yesterday from a High Court battle over
royalties. The money has accumulated since 1979 when a receiver was appointed
to the company set up by McLaren to exploit the punk group.
In an action launched
on Monday, McLaren and his companies Glitterbest and Matrixbest challenged the
claim of group members Johnny Rotten, now known as Lydon, drummer Paul Cook and
guitarist Steve Jones to the cash.
were supported by Mrs. Anne Beverley mother of Sid Vicious, who died from a drugs
overdose in New York in January, 1979 aged 21.
claimed on behalf of his estate.
and the companies said they were entitled to a share for their work as agents
Lydons counsel Mr. John McDonnell QC, told Mr. Justice Mervyn Davies that
McLaren had agreed to hand over control of the companies to the group and withdraw
his claim in return for not having to pay their costs.
receiver was discharged and the money can now be handed over to the group and
left the court before the result was announced.
an ecstatic Lydon, who has spikey orange hair, said: Its
mine, all mine.
absurd that he forced us to come to court. Im very pleased and can now get
back to making music.
has a new single out called Rise and a new album planned.
receiver had been appointed to look after the affairs of Glitterbest after fears
that large amounts due to the musicians were being used for a film.
Star, January 17, 1986)
Ex-manager hands over £1 million to the punks from the '70s
Pistols hit bullseye
and Co agree to a fortune out of court
ROTTEN rubbed his hands with glee yesterday after receiving share of
a £1 million.
lead singer of outrageous 70s punk band The Sex Pistols had won the money
from former manager Malcolm McLaren. Lots of lovely cash and its
all mine, said the spikey-haired singer. Now Ive got to get
over the sheer joy of it all.
drummer Paul Cook, guitarist Steve Jones and the mother of dead bass guitarist
Sid Vicious had sued McLaren In the High Court for royalties they claim he withheld.
said the money belonged to two companies, Glitterbest and Matrixbest which promoted
victory for Rotten and Co. was reached out of court after the case had been going
on for two days.
deal means that McLaren has handed over Glitterbest and Matrixbest to the Pistols.
also now own the groups name and the bad taste movie made by McLaren
The Great Rock and Roll Swindle.
are now working out how the money is to be divided and which creditors still
have a claim.
real name John Lydon, said: I dont have any particular feelings about
McLarenexcept to say he should never have done it. Its absurd.
left stony-faced within minutes of the settlement and headed back to America without
mother Ann Beverley, who found him dead In bed in a New York flat In 1979, also
refused to comment.
Daily Mail, January 17, 1986)
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