RSO meaning in Business ?

Answer:

What is Robert Stigwood Organization mean?

RSO Records, was a record label formed by rock and roll and musical theatre impresario Robert Stigwood and record executive Al Coury in 1973. The letters "RSO" stood for the Robert Stigwood Organisation.

RSO managed the careers of several major acts, the Bee Gees, Yvonne Elliman, Cream, Eric Clapton, and Andy Gibb. The release of the soundtracks of Saturday Night Fever (over 35 million copies sold worldwide) and Grease, (over 30 million copies sold worldwide), which were two of the best selling albums ever, made RSO one of the most financially successful labels of the 1970s. Additionally, the record label, released the soundtracks to Fame, Sparkle, The Empire Strikes Back, Return of the Jedi, Times Square and Grease 2.

The financial success of the independent label was exceeded by successes on the pop charts never before seen by the recording industry. By one point in 1978, the label boasted an unprecedented sixth consecutive number-one single on the Billboard (US) pop charts, holding the top spot for 21 consecutive weeks. With singles releases from the Grease soundtrack album ("You're the One That I Want", and the title track) and another huge Andy Gibb smash ("Shadow Dancing"), RSO would log a further 10 weeks at the number 1 position, giving the label a record nine in one calendar year. This feat remains unduplicated by any record label to date.

The company's main headquarters were at 67 Brook Street, in London's Mayfair. RSO Records underwent four distribution stages: by Atlantic Records from March 1973 to December 1975, by Polydor Records from January 1976 to December 1977, as an independent label under the PolyGram Group umbrella from January 1978 to around October 1981, and finally by PolyGram Records from around November 1981 until the label's end in 1983.

As well as the label was operating in 1978, the disastrous commercial and critical failure of RSO's movie version of Sgt. Pepper's Lonely Hearts Club Band crippled the company. The woes of this failure were somewhat offset by the middle of 1979, as the Bee Gees album Spirits Having Flown went on to eventually sell nearly 20 million copies (with the album producing three further number 1 singles that each sold more than one million copies in their own right).

In 1980, the label's most famous act, the Bee Gees, filed a $200 million lawsuit against both RSO and Stigwood, claiming mismanagement, which was met with Stigwood's own $310 million countersuit alleging libel, defamation of character and extortion. It is still considered to be the largest successful lawsuit against a record company by an artist or group. The lawsuit was subsequently settled for an undisclosed amount, and after a public reconciliation, the band remained with the label until its dissolution.

By 1981, Stigwood had ended his involvement with the label, which was absorbed into PolyGram a few years later. All previous RSO releases were later re-released under the Polydor label, which is now owned by Universal Music Group. Reissues from Polydor are distributed in the U.S. by sister label Island Records.

The Star Wars soundtracks would pass through several hands before ultimately ending up with Sony Classical in the 90s and finally Walt Disney Records after Disney's purchase of Lucasfilm Ltd., while the Bee Gees catalog reverted to the Gibb family, who set up a new distribution arrangement with Warner Music's Reprise Records, which reissued their albums and the Saturday Night Fever soundtrack until 2016, when the Bee Gees signed a new deal with Universal's Capitol Records.

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