08/13/2002 AT 01:00 PM EDT
It worked for the Beatles and their "1" retrospective album long after they had disbanded, so why not the Rolling Stones, who are still together and just about to tour? For the first time in their 40-year history, the Stones will release a greatest hits album that will cover their entire career, the band's labels said on Monday. Creation of the compilation, to be released in a double-CD package on Oct. 1 and called "40 Licks," required the clearance of some serious legal hurdles, reports Reuters. In the early '70s, the Stones lost control of their '60s hits -- including "(I Can't Get No) Satisfaction" and "Paint It, Black" -- to their former manager, New York accountant Allen Klein; the chilly relationship between the two sides has only recently warmed up. With the band -- Mick Jagger, Keith Richards, Charlie Watts and Ron Wood, augmented by keyboardist Chuck Leavell and bassist Darryl Jones -- now in the throes of preparing a two-year world tour set to kick off in Boston on Sept. 3, Klein's ABKCO Records label has joined with the Stones's current label, Virgin Records, to issue the compilation, says the news service. The first CD will cover the ABKCO years; the second, the post-'71 hits, including "Brown Sugar" and "Start Me Up." As Klein said in a statement: "The Stones wanted it, and I'm happy we could do it with them."