Justify My Contract (Fred Goodman)

Those were the news in 1992

For many of rock’s superstars, Christmas came early this year: Record companies committed hundreds of millions of dollars to long-term contracts for Madonna, Prince, and ZZ Top, while Elton John and Bernie Taupin raked in nearly $40 million between them in an eye-popping publishing deal. (Janet Jackson’s pact started the trend last year, with big contracts for brother Michael, Aerosmith, Motley Crue, and the Rolling Stones following on its heels.) But now record labels have to be anxious about what Santa may have in store for them: Taking a look back, 1992 was not a great year for the megastar signers of massive new contracts. In fact, with the exception of U2 and their 4 million-selling Achtung Baby, there wasn’t any superstar who sold like a superstar.

via Justify My Contract | News | EW.com.

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s