Cashbox/News RCA Records Profits Over 1 00% Over
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.. — cashbox/news MCA Account RCA Records Profits Over 1 Over Categories 00% 74; 1 last 975 week but the improvement was base for entering its diamond jubilee an- Largest In 74 Years not sufficient to enable the company to Due This Week niversary year.” . show gains for the full year according to RCA sales were spearheaded by Gary Cohen NEW YORK — RCA Records in 1975 the released figures by domestic sales passing the 100,000,000 more than doubled its profits over 1974 RCA Corp fourth quarter net income NEW YORK — An official announcement mark by John Denver who resulting in the largest of sales was $33.4 million or 43 cents a share earned three from MCA Records on their volume new account gold singles and three gold alburns dur- and the best profits in its 74 year history. compared to $16 6 million or 21 cents in categorization and pricing plan is ex- ing the year, the re-emergence of This statement was released by Ken the same period in 1974. Sales and re- Jef- pected this week, according to Rick Frio, ferson Airplane/Starship, David Glancy, president of for venues rose by 9 83 percent to $.34 Bowie vice president of marketing for RCA Records MCA (four gold LPs), Charley Pride (two gold Records. the past two years. The statement com- billion from $1 .22 billion. Net income for LPs) and Elvis Presley (his 21st gold mented that "In 1975 Records con- RCA Corp. however slipped by 2.91 per- LP). Frio, who was in Atlanta for a series of RCA In the country field, the label received tinued the dramatic turnaround it began cent to $110 million, or $1 40 a share, continued on pg 20 " five major awards out of 10 awarded, in 1974 from $113 3 million or $1.45 a share in scored with Morris Albert and Silver Glancy added that “substantial sales 1 974. Sales increased by 0 37 percent to Convention, first time out on RCA dis- gains were made in a period when the re- $4 8 billion from $4 63 billion in 1974 tributed labels and acquired distribution cession inflation condition which had hit Glancy's comments included praise for rights to Norman Granz’ Pablo label. the general US economy earlier finally new talent acquisition on its own labels RCA also reactivated the Bluebird label affected the recorded entertainment in- and RCA distributed labels that “made during the year, and signed Vladimir dustry, particularly in the first half of the the difference between an ordinary year Horowitz. year, and many companies had lower and the banner sales and profits of 1 975 sales and earnings" The impetus which built up throughout Adding to RCA's sales gains were LPs RCA corporate policy is not to reveal the entire company during 1975 and from Lou Reed, Pure Prairie League, figures of individual divisions, said a which resulted in improvements in Main Ingredient, Faith, Hope and Chari- spokesman. However, the RCA Corpora- domestic commercial operations, club ty, Roger Whittaker, Kinks, Tomita, Cleo tion reported an increase of 101.2 per- sales, custom label sales and foreign Laine, Jack Jones, Perry Como and cent in income for the final quarter of operations, gives the company a solid Henry Mancini. ABC, Rubinstein Sign New Pact Move To Tape, Indie Distrib r I Stressed At London Confab The Spinners, who this week re-signed NEW YORK — During the three day artists, product and subsidiary labels.” with the Atlantic label for another five sales conference — the biggest in Lon- Opening remarks will be made by Lon- years, have their new album, "Spinners don Records history — the label's entry don president D H. Toller-Bond. Live" on the charts and heading for gold into tape distribution will be spotlighted At the close of the evening the label status. The five man group should be and the company's continuing move into will host a screening of the Bloodstone used to it by now because their rela- independent distribution stressed film, “Train Ride To Hollywood,” for tionship with Atlantic and also with The conference, which started Sunday those attending the conference. [l Philadelphia producer Thom Bell has re- at the Warwick Hotel, contained a But the main thrust of Sunday's open- sulted in no less than nine Rl AA certified "declaration of independent distribu- ing of the conference was the entry of gold records since 1972 when the com- tion" from Herb Goldfarb, vice president the label into tape distribution and a bination of group, label and producer of sales and marketing for London, and special demonstration of cassettes was \i was organized. followed an earlier announcement by the planned. From Tuesday until Thursday a Throughout the summer of '76, the label of the closing of its New York special suite in the hotel will be open to Spinners will be moving into the Music branch, London Records Distributing invited guests for further examination of Fair area with dates booked at Painters Corp , in favor of exclusive distribution of the London product while on Monday Mill, Westbury, Valley Forge and Shady London product in the New York and four London teams will demonstrate the Grove. New Jersey areas by Alpha Distributing full range of tape product following a Again they should be to this kind used LOS ANGELES — An American Broad- Corp. product demonstration of schedule because manager Buddy Al- casting Company, Inc. statement last Pointing out that the label had been Attending the conference will be 150 len and his staff have just announced week confirmed industry speculation moving more and more into independent record distributors, district managers, that the group is booked solidly for con- that Jerry Rubinstein has signed a long distribution, Goldfarb noted, "Alpha's ap- sales and promotion managers, field cert and club dates until January of next term contract as chairman of the board of pointment is a continuation of London’s personnel and key executives from Lon- year One of the dates they are most continued on pg. 98 commitment to concentrate on its own don's home office. looking forward to is a March 1 engage- London's a&r vice presidents will be in ment at the Latin Casino in New Jersey. continued on pg. 82 That’s where "Spinners Live” was re- corded. Whichever way you look at it or cut it, the Spinners are set to celebrate the Columbia Holds bicentennial year the way they know best. Hard work, solid product and great Top 4 LP Spots results. A special section devoted to the Spin- NEW YORK — On this week’s Cash Box 100 chart, the top four posi- ners appears in this issue of Cash Box. top albums tions are held by Columbia albums, with INDEX Earth, Wind & Fire s “Gratitude” in at #1 Album Chart 1-200 105 with a bullet, "Chicago's Greatest Hits” at Album Reviews 28 #2, Paul Simon's “Still Crazy After All Behind The Counter 32 These Years" holding down #3 with a Coin Machine News 28 bullet, and Bob Dylan's "Desire" moving Country Music Section ........84 into the bulleted #4 slot. Paul Simon's "Still Crazy” has been on Country Top 100 Singles . 90 Country Top 50 LPs 86 the chart for 1 5 weeks, in the top ten for 13 of these, with a recent resurgence FM Analysis 81 coinciding with the success of the single For The Record 83 (from the LP), "50 Ways To Leave Your Int’l Section 102 Lover,” bulleted at #3 on the pop singles Looking Ahead 78 chart The "Chicago's Greatest Hits” Playlist . New Additions To 80 package has been on the chart 1 0 weeks, Radio Active Chart .... 78 and only this week went to #2 after hold- Radio-TV Report 77 ing the #1 spot for seven consecutive R&B Top 1 00 Singles 95 weeks. "Gratitude” by E.W&F has been R&B Top 50 LPs 96 charted for 9 weeks, and this is its first in also has Singles Chart Top 100 4 SPINNERS RE-SIGN WITH ATLANTIC — Atlantic Records group the Spinners have time the top spot. The group re-signed to five-year exclusive the #9 bulleted pop single, "Sing A Singles Reviews 26 been a worldwide recording contract with the label. The Detroit-based group has had nine Rl AA gold records since their relationship with Song.” Completing the top four, Dylan's Special Spinners Sectio . 33-76 Atlantic and producer Thom Bell began in 1971. Shown above at the signing are (I to “Desire" is only in its second week on Talent On Stage 30 r) Jerry Greenberg, president of Atlantic Records, Spinners manager Buddy Allen the chart, having debuted last week at Vital Statistics .78 and Atlantic senior vice president Henry Allen. #27 with a bullet. inuary 31 , 1976 7.