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Warner Music gets lucky break

It was twenty years ago today... well not exactly, but it was 1987 and five of the world's most influential musicians came together to record a b-side for George Harrison's "This Is Love" single. Harrison , along with Tom Petty, Bob Dylan, Roy Orbison, and ELO's Jeff Lynne, recorded "Handle with Care" and created supergroup history. You may not remember the Traveling Wilburys, or even have known those artists were involved, but in 1988 their album Traveling Wilburys Vol. 1 reached #3 on the Billboard albums chart and sold more than 2 million copies.

For more than 10 years that album along with the follow-up two years later, have been unavailable. This summer Rhino Records, an imprint of Warner Music Group (NYSE:WMG), will re-release both Traveling Wilburys albums as well as bonus video material in a special reissue set. It's an interesting re-issue for this summer, not because it does not deserve to be re-issued, but because it is part of the re-issuing of George Harrison's post-Beatles career by his estate (here is the press release).

Warner caught a lucky break with these reissues because most of Harrison 's material reverted to EMI (he was originally with the London-based label as a Beatle and a solo artist). It was assumed that these two albums also reverted, but those assumptions were obviously wrong.

This reissue will do quite well because it was a collaboration between five talents and received such high praise upon its initial release. By comparison Harrison's solo material was often hit or miss.

Continue reading Warner Music gets lucky break

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Last updated: May 27, 2012: 10:33 AM

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