The Economics of Everyday Things
3. My Sharona (Replay)
Nov 27, 2023
This podcast explores the story behind the hit single 'My Sharona' and its financial success. It covers the band's rise to fame, royalty streams, copyright infringement, and the song's resurgence in popularity. It also discusses free market negotiation and features advertisements for various brands.
17:24
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Quick takeaways
- The hit single 'My Sharona' brought substantial income to the songwriters through performance, mechanical, and synchronization royalties.
- Licensing opportunities, including parody versions and sample usage, contributed to the ongoing financial success of 'My Sharona'.
Deep dives
The Origin of 'My Sharona'
In the late 1970s, a rock quartet called The Knack formed in LA and gained a cult following for their high-energy shows. The lead guitarist, Burton Aver, and the singer guitarist, Doug Feiger, wrote the hit single 'My Sharona' in just one hour. It became the band's breakout song, reaching number one on the Billboard Hot 100 and selling two million copies in its first year. The success of 'My Sharona' brought significant performance royalties, mechanical royalties, and synchronization royalties to both Aver and Feiger, resulting in substantial income over the years.
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