STAIRWAY TO HEAVEN
On July 29, 1973: The iconic band Led Zeppelin suffered a setback when over $200,000 in concert receipts were stolen out of their safety deposit box at the Drake Hotel in Manhattan. When adjusted for inflation, the amount soars up to over one million dollars. The money was never recovered and the thief never discovered, though the band did sue the hotel for what police called “the largest single theft from a safety deposit box ever”.
On July 29, 1953: Documentarian Ken Burns was born in Brooklyn. Following a childhood interest in history and film, he went on to create some of the best-known documentaries of the 20th and 21st centuries, including The Brooklyn Bridge, The Civil War, and The Central Park Five. Burns regards the death of his mother, when he was just 11 years old, as a major influence on his choices to make documentaries and thus bringing back to life those who are gone.
NFL PAYS HEAVY FINE
On July 29, 1986: A New York jury found the NFL liable for two antitrust violations brought against them in suit by their rival, the USFL. Less established than the NFL, the USFL claimed that the NFL monopolized the three major television networks, leaving no time for the USFL to broadcast their games. Though the USFL had asked for upwards of a billion dollars in damages if the NFL was found guilty, the court ordered the NFL to pay only $1 in damages, though the amount was eventually raised to $3.