You remember Bruce Springsteen, the fellow who appeared on the cover of Time and Newsweek in the fall of 1975 and was hailed as "The Rock 'n' Roll Future." Little has been heard from Springsteen lately, and with good reason: He's been tied up in a series of lawsuits with his manager, who obtained a court injunction that has prevented Springsteen from entering the studio to record new material.
Yesterday afternoon, however, Columbia Records officially announced that the legal dispute between Springsteen and his manager-producer, Mike Appel, has been "amicably settled." Lawyers for both parties have reached on out-of-court agreement, and Springsteen entered a New York recording studio yesterday afternoon to begin work on his next album.
Under the terms of the agreement, all facets of the Appel-Springsteen relationships have been dissolved. Springsteen's new producer will be former Rolling Stone editor Jon Landau, who co-produced the "Born To Run" album, and his business affairs will be handled by Michael Tannen, who performs the same duties for Paul Simon and other pop stars.
Springsteen, however, will continue to manage his own career, as he has been doing since the dispute with Appel began last year.
The agreement announced by Columbia made no mention of a cash or percentage figure to be paid by Springsteen to Appel for this or any subsequent records, but the same source says that the out-of-court settlement calls for Appel to receive in excess of $1 million.