Stephen Bishop, a musician and songwriter, talks about selling rights to songs. He shares a mistake he almost made in 1975 – selling the publishing for all his songs for the next seven years. Bishop also discusses how Art Garfunkel and Columbia Records helped him walk away from the deal. Also in this segment, Bishop cautions against 100 percent publishing deals. He covers a 100 percent publishing deal he did sign when he was younger as well.
Stephen Bishop is a composer and film scorer who has written songs for more than a dozen films including Tootsie and Animal House. In addition to recording his own gold-selling albums, his songs have been recorded by Phil Collins, Eric Clapton, Barbra Streisand, Art Garfunkel, among many others. He has been nominated for two Grammys and an Oscar.