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Frank Sinatra launched his own record label, Reprise Records, in order to allow more artistic freedom for his own recordings. Hence, he garnered the nickname “The Chairman of the Board.”One of the label’s founding principles under Sinatra’s leadership was that each artist would have full creative freedom, and at some point complete ownership of their work. Reprise later became the home of many influential US acts such as Neil Young, Jimi Hendrix, Joni Mitchell, Randy Newman and The Beach Boys.
The Beatles released the double A sided single 'Strawberry Fields Forever/Penny Lane' on Capitol Records in the US. The single spent 10 weeks on the chart peaking at No.1.
The Monkees announced that from now on they would be playing on their own recordings instead of session musicians.
Bob Dylan recorded versions of 'Lay, Lady, Lay', at Columbia Recording Studios in Nashville, Tennessee. 'Lay Lady Lay' was originally written for the soundtrack of the movie Midnight Cowboy, but wasn't submitted in time to be included in the finished film.
David Bowie turned down an offer from the Gay Liberation group to compose 'the world's first Gay National Anthem.'
Dire Straits began recording their first album at Basing Street Studios, London. The whole project cost ($21,250) to produce. The album which featured the group's breakthrough single 'Sultans of Swing' went on to enjoy a 132 week run on the UK chart.
Police raided the home of former Sex Pistols John Lydon who greeted them waving a ceremonial sword, the only illegal item they found was a canister of tear gas, claimed to be for defence against intruders.
American country singer, songwriter Waylon Jennings died in his sleep after a lengthy fight with diabetes. He was bassist for Buddy Holly following the break-up of The Crickets. Released a series of duet albums with Willie Nelson in the late 1970s. Scored the 1980 US No.21 single 'Theme From The Dukes Of Hazzard', he was also the narrator on the television series. Member of The Highwaymen with Willie Nelson, Johnny Cash and Kris Kristofferson.
Led Zeppelin were awarded a Lifetime Achievement Award at this year's Grammys. .
Readers of UK newspaper The Sun voted George Michael’s ‘Careless Whisper’ as the greatest British pop single of the past 25 years. ’.
Rod Stewart was paid $1million when he performed at a billionaire's birthday bash. Stewart was booked to play a one-hour gig to help Steve Schwarzman celebrate his 60th birthday held at New York's Park Avenue Armory.

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