/biz/ - Business & Finance

Reminder that the Beatles manager Brian Epstein managed to lose them $100 million in merchandising.

>Directly prior to The Beatles' first American visit, Brian Epstein wanted someone to manage the escalating volume of merchandising requests that NEMS found itself unable to cope with, and asked his lawyer, David Jacobs, to oversee this task. Jacobs knew Nicky Byrne and asked him if he would be interested in taking over the merchandising subdivision from NEMS altogether, paying NEMS a commission. Byrne accepted the offer subject to a 90% rate, leaving only 10% for the Beatles and NEMS combined. Completely unaware of the potential market that existed, particularly in America, Epstein agreed to the deal, and subsequently lost The Beatles an estimated $100,000,000 in possible income.

>>10215425
Shouldn't have let Brian Epstein give away 90% of your merchandising rights.