jabps
Well-known member
You are forgetting one thing, what was the deal with the label? What was the deal with their manager? Those are the two things that generally handicap artists financially. Just because one artist was in debt doesn't necessarily mean it's that way for all though. Frankly I don't think Jackson is a good comparison for anyone considering his lifestyle which was far beyond anything any regular rock star would experience.Here are their record sales:
https://bestsellingalbums.org/artist/13895
The first four: VH, VHII, Women & Children First and Fair Warning would have occurred on their initial record deal, where most of the proceeds went back to the record company. They are 22m of total sales, with the last having been their weakest to date, thereby reducing their bargaining position at renewal.
The other DLR records are 1984 (11m) and Diver Down (4.1m).
Total DLR sales, not counting compilation rereleases, about 35m, of 75m. Less than half.
Mix in rock star lifestyle's, divorces and addictions, and it’s not hard to imagine them not having a lot of money before Sammy arrived.
Micheal Jackson died with $500,000,000 of debt, he was far more popular, sold more records, and didn’t have three band mates to split the proceeds with.
Did they have a few million before Sammy, probably, did they have $20m each? I highly doubt it.
The original album deal was a based on two years at a time. It was a piss poor deal, .70 per record sold, after the first tour they were in debt. Noel Monk whom was their road manager on the first tour, was hired to take over management from their first manager they fired. Monk then renegotiated by flooding the label with accounting and paperwork requests, the label missed the two year option, Van Halen was now a free agent. The new renegotiated deal as he said "it made them instant millionaires". Then you tack on merchandising, like Journey it was all brought in house as opposed to outsourcing which made them even more money. After the second album, money wasn't an issue for the band. Noel Monk was alot like Herbie Herbert for Journey, these are guys that weren't your typical managers - their jobs were to make their artists successful and rich as opposed to strictly lining their pockets. In fact Monk left when the brothers and Roth cut Mike out of his share.
I'd say by the time Sammy joined they were way past being multi-millionaires. As I said before, nobody profited more off Van Halen than Sammy Hagar. He was a mid level concert act, a mid level artist that stepped into the worlds biggest band. In fairness to him, he kept the machine rolling. Which allowed him to start Cabo Wabo and eventually the tequila company that was sold for hundreds of millions. All because of Van Halen. Which frankly, I think that stuck in Alex and Ed's craw. And he continues to act like a mouthpiece for the band today when it's clear Alex nor Ed wanted anything to do with him. The bad blood has to be bad because they went back to Roth. That right there says alot.
Also here is a screen shot from Billboard on total album sales as of a few years ago. I'll stick with Billboards numbers...
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