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The Sex Pistols

Caroline Coon, '1988: The New Wave Punk Rock Explosion', 1977

THE RECORD INDUSTRY is waking up. In October there were rumours about huge deals on the horizon, and Polydor look set to be the first major company to commit themselves to the new movement. The battle hots up as others join the race. Then, in what is said to be 'the fastest drawn-up contract in their history' E.M.I. scoop. They sign the Pistols and pay an advance of £40,000, one of the largest amounts ever offered to an 'unknown' band.

Total word count of piece: 5719


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