Word: valli
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Dates: during 1980-1989
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...Four Seasons Partnership has various music publishing and production subsidiaries. But the proceeds from Valli's concerts, TV appearances and record sales, plus royalties from Gaudio's writing and production work, are ultimately funneled to the Los Angeles office of the Manhattan-based Barash, Goodfriend & Friedman accounting firm. It pays the partnership's employees, including the band members who back up Valli in the Four Seasons. The accountants divide the net profits between Valli and Gaudio...
...admit that the partnership would be strained if one of them consistently earned much more money than the other. But over time things even out. In 1978 Valli was the big breadwinner because he sang the title song from the movie Grease, which brought in an estimated $2 million for the partnership. In 1981 Gaudio starred, when the music he produced for the Neil Diamond movie The Jazz Singer earned him perhaps $1 million or more after divvying up with Valli...
...partnership has endured several crises. In 1967 Valli realized he was losing his hearing because of otosclerosis, a rare inner-ear ailment. One doctor told him that he would go completely deaf. At about the same time, sloppy management of the Four Seasons' business affairs plunged the group some $2 million in debt. To recoup, Valli embarked on a grueling schedule of about 300 concerts a year from 1969 to 1973. During that period, his ears got so bad that at times he had trouble hearing the band playing behind him. Finally, a series of operations restored most of Valli...
Today, Gaudio and Valli could retire and still earn a splendid living. Every time a radio station plays one of their records, the partnership makes money. Royalties from past hits bring in as much as $700,000 a year. Many of Gaudio's perky compositions seem to be perpetual money-makers. The first song he ever wrote was Short Shorts; more than two decades later it became the theme song in commercials for Nair hair-removal cream...
Gaudio and Valli are always looking for new ways to fill their joint coffer. Valli, for example, is trying to launch an acting career. He made a guest appearance on Miami Vice last year and has a major role in an upcoming film comedy called Dirty Laundry. Whatever directions Gaudio and Valli take, they have no thought of breaking their deal. Says Gaudio: "That would be like telling your brother that he couldn't come to dinner anymore. We're family...