Bill Cosby Turns Down $3 Million Advance From Warner
It was announced that Bill Cosby would be leaving Warner Bros/7 Arts Records today (June 1st, 1968).
According to reports, Bill Cosby turned down a $3,500,000 contract from Warner Bros/7 Arts, so that he could join his own recording firm, Tetragrammatone Records.
While Cosby was an artist on Warmed, he accounted for almost 50% of the label’s total album sales in just under two years, from 1966-1968.
Under Warner, Bill Cosby cut eight albums in total, including two albums that featured the comedian as a vocalist.
Hit albums he released included to Russell My Brother Whom I Slept With, Bill Cosby is a Very Funny Fellow, Right. and Wonderfulness all sold over 1 million copies a piece.