Per disc, not per side.

Mike Biel  [log in to unmask]

-------- Original Message --------
Subject: [ARSCLIST] More Re: [ARSCLIST] Western Electric question
From: Paul Stamler <[log in to unmask]>
Date: Mon, February 25, 2013 5:04 pm
To: [log in to unmask]

On 2/25/2013 2:12 AM, Michael Biel wrote:
> Geoffrey Wheeler in his new history "Columbia Records: Pioneer in
> Recorded Sound and America's Oldest Record Company" reprints a whole
> volume of company legal documents. One of the is the Western Electric
> contract of February 25, 1925. Section 8 is the royalties. The $50,000
> is the guarantee paid in advance against the royalties for the year
> ending May 31, 1926. For the first 5 million copies in a 12 month
> period, it is one cent per record, three-quarters of a cent per record
> on the next 5 million, one-half cent on the next 10 million, and
> one-quarter cent on any sold above these twenty million copies. W.E. can
> cancel if Columbia fails to sell $50,000 worth of royalties. This
> became a problem in 1933 and there are some letters reprinted to that
> effect.
One quick clarification: was the initial royalty 1 cent per disc, or 1 
cent per side?

Peace,
Paul