"The Edison Speaking Phonograph Company was established on January 24, 1878, to exploit the new machine by exhibiting it. Edison received $10,000 for the manufacturing and ...
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sales rights and 20% of the profits. As a novelty, the machine was an instant success, but was difficult to operate except by experts, and the tin foil would last for only a few playings. ... " (http://memory.loc.gov/ammem/edhtml/edcyldr.html)
