NBC Evening News for Tuesday, Feb 26, 1980
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(Studio) Counterfeiting of records and tapes in record industry and uncovering of underground business in such by FBI investigation, "Operation Modsound," noted.
REPORTER: David Brinkley
(NYC) Operation Modsound examined; films shown. Effect of operation on recording industry compared to that of Operation Abscam on pols. FBI said releasing information allegedly showing involvement of Sam Goody record chain and Goody's sister corp., Pickwick, in rip-off noted; both companies said owned by American Can Company Role of George Tucker, allegedly involved with Mafia, outlined; details of Goody's involvement given. Discovery of counterfeits by Polygraph Records, a distributing firm, detailed; last wk.'s testimony before federal grand jury investigating Goody's scheme by officials of RCA, CBS and Casablanca records noted. [RSO Records spokesperson Robert EDSON - comments on situation; mentions "Saturday Night Fever."] Response to allegations by Goody and Pickwick quoted; scenes from "Grease" shown, courtesy Paramount Pictures. Rip-off of "Grease" soundtracks and cost to recording industry noted.
REPORTER: Brian Ross