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BBC News – What is a £1m record deal?

BIG DEALS

  • Neil Diamond signed a $1m-advance-per-album deal with Columbia in 1973
  • In 1996, Murray Lachlan Young became the first poet to sign a £1m record contract
  • In January 2002, EMI paid Mariah Carey $28m (£18.5m) to end her record contract with the label
  • Robbie Williams signed a UK record £80m deal with EMI in October 2002
  • In March, the estate of Michael Jackson reportedly agreed the biggest deal in history – worth more than $200m (£132m)

A report released in March by international recording industry body IFPI, estimates that a typical record deal to try to break a new pop act in the UK or the US is worth about £625,000.

Typical investment in a newly-signed act

via BBC News – What is a £1m record deal?.

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