Crooner Billy Eckstine Ink’s Million Dollar 5-Year Deal With MGM

Bill Eckstine
Bill Eckstine
MGM Records announced a five-year renewal deal with singer Billy Eckstine today (October 28, 1950).

According to the terms of the deal Eckstine, who signed the deal on October 19th, was to earn as much as $1 million over a 10 year period.

Eckstine received a minimum guarantee of $52,000 per year over the five-year term of the deal.

Additionally he collected revenues and royalties even in the event that he signed with another label at the end of the five year period.

RareSoul.com Exclusive: Lamont Dozier Explains Discovering The Chairmen Of The Board

General Norman Johnson

If the old saying that “bad news comes in threes” is to be believed, then last week’s news about the deaths of Albertina Walker, Solomon Burke and General Norman Johnson certainly proved the saying to be true.

First Albertina Walker passed away on October 8th then the soul world was rocked by the death of Solomon Burke on October 10th.

Then on October 13 General Norman Johnson of the Chairmen of the Board passed away. Although General Norman Johnson’s death was not as widely reported, the impact on Soul music was just as great.

Here is an exclusive clip of Lamont Dozier, owner of the Hot Wax/Invictus label.