Elton John

How much did Elton John sign a contract with MCA?

John formed his own label, The Rocket Record Company (distributed in the US by MCA and initially by Island in the UK), and signed acts to it—notably Neil Sedaka (John sang background vocals on Sedaka's "Bad Blood") and Kiki Dee, in whom he took a personal interest. Instead of releasing his own records on Rocket, he signed an $8 million contract with MCA. When the contract was signed in 1974, MCA reportedly took out a $25 million insurance policy on John's life. In 1974, MCA released Elton John's Greatest Hits, a UK and US number one that is certified Diamond by the RIAA for US sales of 16 million copies.


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