Not only was this the bands third chart topper, but more importantly, it was the first time a song written by Mick Jagger and Keith Richards was successful. The two previous hits for the Stones, It's All Over Now, and Little Red Rooster, were both previously recorded by other musicians.
The success of this song didn't slow the band down at all, and they would go on to have two more number one hits before their streak ended.
I personally have no issues with musicians covering others songs, but you haven't made it in the business till one of your original songs hits the charts. So, even though the Stones had had previous hits, in my opinion at least, this was really their first true hit.
Other notable events for January 17:
-Don't Knock the Rock, a movie staring several popular rock stars of the day opened on Jan. 17, 1957
-The Doors record Absolutely Live on Jan. 17, 1970
-Highway 51 in Memphis is renamed Elvis Presley Boulevard on Jan. 17, 1972
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