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Fact #159832

When:

Short story:

Neil Diamond signs a five year recording contract with Uni Records in Los Angeles, California, USA.

Full article:

Russ Regan (UNI Records executive) : Bert Berns was good friend of mine, a great writer and producer and one of the best music men of all time. He had Neil signed exclusively to his label, Bang Records, but Neil had a 'main man' clause in his agreement, which meant when Bert Berns passed away, Neil became free. When we made that list up at Uni, he was at the top of each of our wish lists. At the time, he was considered a singles artists with Top 40 hits like Cherry, Cherry and Solitary Man, but we knew he could sell albums just as easily. Now, why did David Braun, one of the greatest music lawyers of all time, bring Neil to a little label like Uni? Because five major labels turned him down!

When he came to us we eagerly signed him, and he agreed to give us three albums a year, for five years. Three albums a year! Fifteen albums over a five year period! That's unheard of. Luckily each album would only cost $25,000, which was reasonable at the time.
(Source : http://www.spectropop.com/RussRegan/index.htm)