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In response to
"more likely hocked them to the developers that own his neverland ranch -- nm"
by
zeitgeist
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BTW, the brilliance of buying the beattles and other's catelogs at the time, remember he recooped his entire investment in like a year or so...
Posted by
zeitgeist
Jun 27 '09, 10:11
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was that just about the time they came up for auction, the music industry was just getting computerized. There was wholesale cheating and corruption in the logging of what was played on air and what was sold in the stores.
As soon as bar coding made POS inventory tracking, it removed store managers' estimations from the compilations, sorta like the difference between neilsen families keeping a diary of what they watched and a meter on the tube recording what was actually on the tube.
almost overnight white rock 'hair' bands dropped from the top of the charts and 'soul' music started competing on the top 40 lists, also the popularity of country music made a lot of stations switch from AOR.
Europeans were behind the curve and they didn't see the value of the catelog as at the time they weren't getting their actual fair share.
also, it was right at the cusp of the 20 year oldies revival, when middle aged folks start going to night clubs and casinos and reliving the music of their youth, and that was right before that era was hitting that sweet spot.
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