music: "Candy Store
Man" - Sue Perrin (Golden World B1)
JoAnne continued, “Ed suggested that we
would make a good partnership as we had been partners in a lot of things.
So we decided to go to New York
City to find an attorney, as there was no one in Detroit who knew the legal side
of the music business.
George Schiffer had helped to
establish Motown on a firm footing and it seemed like a good idea to ask for his
assistance."
Schiffer was Motown's Copyright Attorney and International
Adviser and he would help Gordy set up an international distribution deal with
EMI in late '63 in Europe.
"He was expert in drawing up
contracts on anything to do with the music business. He was very frank with us
and warned us of the high mortality rate that existed in that field; although
Motown was beginning to do well, and so were companies in England.
He also pointed out that we
were at a disadvantage to Berry because he was able to write his own material,
whereas we were not. We both admitted that we couldn't write a thing. He then
suggested that we do something else with our capital as it was serious money
that we wanted to invest.
Schiffer then tried to persuade
us to get involved in a new commercial project. A company was coming up with the
rights to airwaves, lots of stakes were available and it was based on people
buying in television pictures - eventually it would become known as Cable TV. It
was too much for us to contemplate; 15-20 years to wait for a return on our
money. Anyway there wasn't enough detail, it seemed too dodgy.
It was obvious too that
Schiffer felt that there would be a conflict of interest between representing
two rival Record Companies in the same town. We respected that and eventually
found another lawyer with similar credentials."
In the next few
months, Ed would visit a number of studios within Detroit, however he felt that
they were lacking in professionalism.
Joanne recalls, "Correc-tone was one of
the studios that Ed viewed before we built our own studio, but he could see that
it was struggling. They had their own label but never really got off the
ground."
It was obvious to Ed that he would have to go to New York to get
the expertise he needed. The city was bustling and it's music industry in
overdrive. Commuting was not a problem, they just flew back and forth to New
York when required.
Continued