"What a great moment for me, my son, the world. What you have made possible for so many people defies all reason." LOWELL WEICKER, JR.
Former United States Senator
Through bold innovation and enormous generosity, the record industry has made beautiful music for Special Olympics athletes since 1987. "A Very Special Christmas," (AVSC) now represents by far the largest financial source in the history of Special Olympics, having generated over $100 million. Beyond that, the series of albums, featuring some of the biggest-name artists in the world, is the single most successful benefit recording in musical history.
The idea came from record producer Jimmy Iovine, who had begun his musical career as an engineer for artists such as John Lennon and Bruce Springsteen. He went on to produce, among others, Stevie Nicks, Dire Straits and Tom Petty & the Heartbreakers. In the mid-80s Iovine wanted to do a benefit Christmas album as a memorial to his father. His wife, Vicki Iovine, a model and writer, suggested that Special Olympics be the beneficiary. Vicki was a volunteer in the Santa Monica office of Special Olympics and a friend of Bobby Shriver, the oldest of Eunice's five children.
Things proceeded fast from there. Bobby organized a party, Jimmy and Vicki met Sargent Shriver, who then held the title of president of Special Olympics, and Jimmy told Shriver his idea. "Let's do it," said Sargent. "I agree," said Eunice.
Some fund-raisers are fun but don't make any money. Some make money but aren't any fun. And some aren't any fun and don't make any money. Precious few are like "A Very Special Christmas." Did the Kennedy connections and the Iovine rep attract any talent? Well, the first AVSC album included Springsteen rocking out "Merry Christmas Baby" and Madonna doing "Santa Baby." Both remain classics of the Christmas genre. U2, Run DMC and Herb Alpert were among the others who recorded. Basically, SO went 15-for-15: Every artist it contacted said yes. Studios donated free time. Residual concessions ensued. For a bargain-basement price of about $100,000-U2 makes that much while they're tuning up-co-producers Bobby, Vicki and Paul Marshall (with Jimmy looking on obviously)-put out an album that everyone wanted to be on, and everyone wanted to buy.
By March of 1988, five months after the releases of the first "A Very Special Christmas," Special Olympics had received an initial royalty check for $5 million. Even to an organization accustomed to success, that was astounding.
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