The Art Of Record Production
Success And Money
Talmy sued, and in an out-of-court settlement was granted a 5% royalty on all The Who's records and singles for the next six years, up to and including Who's Next in 1971, all their best-selling work. He thus earned considerably more in royalties from The Who's record sales than the individual members of the band did... without so much as lifting a finger. Even now, 30 years later, Talmy still collects pro rata royalties on every track The Who recorded up to 1971. He also retains ownership of the master tapes for The Who's first three singles and first album. This case was exceptional but, there are probably other, similar cases around where record producers, having signed the right act at the right time in circumstances that were less than propitious from the act's point of view, are living on Easy Street. It won't make you popular, of course, and I wouldn't recommend this way of doing business myself, but if you've a thick skin and don't mind what people say about you behind your back, it does have certain compensations...
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