New York - Asylum Records is expecting album sales of 3 million records in its first year of business - from sales of 10 albums, reports label boss David Geffen.
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Among new acts for Asylum, all with the LP product out, will be writer-singers John David Souther and Steve Ferguson, and the group the Eagles.
Said Geffen: "These new acts will be promoted in the same way we broke Jo Jo Gunne, Browne and Miss Sill - via an album and major personal appearance tour.
Tours Important
The Eagles will be included in a Neil Young tour early summer which will probably coincide with Young's Warner Bros. film "Journey through the Past." The Eagles are another group put together by Geffen, who is their manager, from other known groups. Randy Meisner, bass, is from Poco and the Rick Nelson Stone Canyon Band, Bernie Leadon, lead guitar, from Flying Burrito Brothers and Dillard and Clark, Dan Henley, vocals, drummer, is from Shilo and Glenn Frey comes from Long Branch Pennywhistle. The group recorded in the U.K. at London's Olympic Studios in February, and will have an album and single released.