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" While specifics are rarely public, it is widely reported that Phillips walked away with a base salary in the tens of millions, a significant profit participation backend, and unprecedented creative control. He understood the potential of targeting a younger demographic, a strategy that allowed the fledgling network to compete with the established giants, NBC, CBS, and ABC. This diversification is a key strategy in mitigating risk and ensuring that downturns in one specific market do not cripple his overall financial health. The demand for the classic Fleetwood Mac sound ensures that the remaining members, including the foundational bassist, command high prices for their appearances. This arrangement meant that despite earning millions, Elvis himself did not always retain the full fruits of his labor.
