Great piece in Variety well worth investing your time in…
Here’s the introduction
Sixty-four years ago, as Elvis Presley’s career reached its supernova stage, the 21-year-old singer’s team hit on a strategy that enabled him to profit from songwriting without actually writing songs. His management and music publisher had added Presley’s name to the credits on a couple of his early hits, but the singer wasn’t comfortable with the practice and frequently told interviewers that he had “never written a song in my life.” Instead, as recounted in Peter Guralnick’s authoritative biography “Last Train to Memphis,” his team set up an arrangement whereby the King skipped the credit but received one-third of the songwriting royalties for each song he released, no matter who wrote it. (This arrangement was confirmed to Variety by an industry source familiar with the catalog.)
According to Dolly Parton, the policy not only was still in practice nearly two decades later, but the King’s ransom had gotten even bigger. Presley was going to record Parton’s 1974 hit “I Will Always Love You,” which is now one of the top-selling and most-performed songs of all time, largely thanks to Whitney Houston’s epochal 1992 cover.
“I was so excited, Elvis wanted to meet me and all that,” she recalled in a September 2020 interview on the “Living & Learning With Reba McEntire” podcast. “And the night before the session, Colonel Tom [Parker, Presley’s longtime manager] called me and said, ‘You know, we don’t record anything with Elvis unless we have at least half the publishing.’ I said, ‘I can’t do that.’ And he said, ‘Well, then we can’t do it.’ And I cried all night, ‘cause I’d just pictured Elvis singing it. I know it wasn’t [his decision], but it’s true. I said ‘no.’”
True to his manager’s word, Presley did not cut the song. (Reps for the Presley estate did not immediately respond to Variety’s requests for comment.)
Read the full article https://variety.com/2021/music/news/dirty-business-hit-songwriting-1234946090/
