Bruce just got an almighty bonus
When it comes to absolutely gimormous record deals, Bruce Springsteen really is the boss
Now, this is what you call a record deal. When Bruce Springsteen (right) signed his new deal with Sony Music last year, both sides knew the score.
The singer has been with the label for his entire career, and has sold millions of records and earned millions of dollars for both sides ($72 million profit for the label in fact).
But according to documents included in the recent Sony Entertainment leak, the real winner this time around is the singer. Springsteen’s $31 million deal will take him up until 2027 (his 78th birthday) with the label. For that, Sony will get four new albums, reissued box sets and some greatest hits collections.
But the cash isn’t the only sign that the singer has the upper hand. As Sony big-wig Steve Kober noted in an email to fellow executive Michael Lynton, the label needs Springsteen much more than he needs them.
“Given his track record, this is not an artist that we can afford to lose,” wrote Kober. “In addition, we still generate significant revenues from his catalogue.”
But Springsteen too makes a mint from that back catalogue. He owns the master recordings, retains the right to sell downloads of his live concerts and no doubt is in clover when it comes to his publishing rights too. And if he’s stuck for a few bob, he can always tour again.
And the moral of the story? The house may always win in Vegas and with record contracts, but it’s a different matter when you’re the Boss. Jim Carroll
Classic albums, perfect venues
This coming Monday at Dublin’s Royal Hospital Kilmainham, Patti Smith will be playing, in its entirety, her classic 1975 album, Horses .Us Ticket folks, however, are wondering what other classic albums in their entirety we’d next like to hear in Ireland – and in which ideal locations they should be performed. Here’s our top five. The Waterboys Fisherman’s Blues (1988)
The album: Mike Scott and Co leave behind their grandiose Big Music for a down-home blend of trad/folk/country.
The venue: Any decent pub in Spiddal or environs. Look out – there’s a flying Steve Wickham fiddle solo! Radiohead OK Computer (1997)
The album: An album deemed by Radiohead’s record label to lack commercial value has now sold over eight million copies.
The venue: Science Gallery, Trinity College, Dublin. Of course!
Sex Pistols Never Mind the Bollocks… (1977)
The album: Noisy, inspiring, and angry. Very angry. One of the most important albums in the history of rock music? Simple as.
The venue: Leinster House,
Dublin. Obviously. Kraftwerk Autobahn (1974)
The album: “Mike Oldfield for unmitigated simpletons,” wrote US critic Robert Christgau. Wrong! “Sound poetry,” said Kraftwerk’s Ralf Hutter. Right! A landmark album in electronic music.
The venue: It just has to be the M50, doesn’t it? Television Marquee Moon (1977)
The album: This debut album set the standard for post-punk guitarists, but no one (and we really mean no one) could top, let alone challenge, Tom Verlaine’s lithe, spiralling guitar lines.
The venue: Live at the Marquee, Cork. No other venue will work. Honest.