Word: mca
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Dates: during 1970-1979
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...called the video disc-a relatively inexpensive record that can be played through a TV set to show everything from major Hollywood movies to educational and cultural features. By the end of 1976, both RCA and a team composed of the N.V. Philips Co. in The Netherlands and MCA, the California entertainment conglomerate, plan to market their systems...
...first glance, RCA's SelectaVision and Philips-MCA's Disco-Vision look virtually identical. Both systems use 12-in. LP-sized discs that play for 30 minutes* on a side on high-speed turntables. Each is connected to the standard TV set by simply attaching a pair of wires to the antenna leads. There the similarities end. Behind the systems are entirely different technologies; the records used by one cannot be played on the turntables of the other...
John has compiled a staggering set of statistics. With an annual income of $7 million, he is one of the most prosperous pop stars on the scene today. He signed a landmark deal in recording history when MCA Records last year guaranteed him $8 million in royalties against all the albums he produces in the next five years. The company could recoup its entire investment by the end of 1976. John has sold 42 million albums and 18 million singles worldwide; nine of his twelve albums are over the million mark in the U.S. alone, often with several hundred thousand...
...Fantastic make clear, the "long and lonely climb" seemed to stretch before Elton forever. Actually, only 36 months lay between his first meeting with Bernie and an August 1970 date at the Troubadour club in Los Angeles, where he won a tough record-industry audience with his showmanship. Says MCA Records President John Maitland: "It was one of the most spectacular openings for an unknown artist I've ever seen...
...local organizations who lost their funds have begun to complain that MCA uses too much of its budget for administrative costs. MCA cannot function efficiently and at the same time finance community groups on a $300,000 budget...