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I was shocked and had to look at Wiki

December 26, 2016 06:14AM
WOW!!! Back then that was SERIOUS cash.

Alpert and A&M Records partner Jerry Moss both agreed in 1987, to sell A&M to PolyGram Records for a reported $500 million. Both would continue to manage the label until 1993, when they left because of frustrations with PolyGram's constant pressure to force the label to fit into its corporate culture. In 1998, Alpert and Moss sued PolyGram for breach of the integrity clause, eventually settling for an additional $200 million payment.[18]

700MIL in 1987 dollars is roughly 1,514,893,220 in todays dollars according to a website that calculates that type of thing. Here is a link:

Inflation Calculator

  Surprise rich celebrities

ferragamo79411December 25, 2016 04:04PM

  Wasn't he the founder of AM Records??

Ramgator192December 25, 2016 05:40PM

  hmmmm didn't know that

ferragamo79222December 25, 2016 05:50PM

  I was shocked and had to look at Wiki

LesBaker277December 26, 2016 06:14AM