Freakonomics Radio The Economics of Everyday Things: “My Sharona”
13 snips
Feb 6, 2023 Discover how the 1979 hit 'My Sharona' still thrives financially decades later. Explore the intricate world of songwriting royalties, including the influence of parodies and samples. Learn about the economics of music licensing as streaming reshapes revenue landscapes. Uncover the song's origin story and its impact on a young woman's life in 70s Los Angeles. Delve into the band's journey from struggle to success, and ponder the bittersweet legacy of one-hit wonders in the music industry.
AI Snips
Chapters
Transcript
Episode notes
Sharona's Story
- Sharona Alperin, a teenager in 1970s LA, lived a carefree life, frequenting rock clubs.
- A much older musician, Doug Feiger, became infatuated with her and pursued her relentlessly.
My Sharona's Rise
- Doug Feiger and Burton Averre formed The Knack, writing 'My Sharona' inspired by Alperin.
- The song, with its catchy riff and energetic style, became a huge hit, topping the charts in 1979.
Smart Economics
- The Knack's efficient recording process, spending only $17,500, maximized their profits.
- They secured a 13% royalty rate, unheard of for a new band at the time.