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Fact #171453

When:

22091968

Short story:

Detroit-based band The MC5 is signed to Elektra Records by A+R man Danny Fields, for an advance of $20,000.

Full article:

Wayne Kramer (guitarist, MC5) : It all peaked then and there. I knew, finally, it was really gonna happen. We were on the cusp of the success smiling at us just right around the corner.
(Source : not known)