During a recent conversation with The Metal Voice, Ozzy Osbourne‘s former guitarist Jake E. Lee shared a few details regarding the financial side of his Ozzy tenure.
Focusing on his 1983 hiring and the “Bark at the Moon” album that came out the same year in November, Jake said:
“I was young [26 years old], and back in those days there was little information about how the music business works, and I trusted people.
“I was told from the beginning I would get my fair share of the writing credits and publishing, and I took them at their word, which was a mistake – but it was never about the money.
“I’m pretty sure I got paid about $100 a week [when I joined the band] [around $260 in 2018 money], but it would incrementally go up because they weren’t sure about me.
“Then it doubled and it would keep doubling and so on until I proved myself, and I didn’t care. I went from having no money and no band to being in Ozzy.
“I was going to get $5,000 [around $13,000 in 2018 money] to record ‘Bark at the Moon,’ and get writing credit and publishing. But when I finally got the contract, they threw in another $10,000 [around $26,000 in 2018 money] to make up for the not having writing and publishing.”
That is Ridiculous I can’t believe people are so greedy it will come back to them I have seen this is several bands eagles tried the same thing and many others.Sad