The idea presented by some media that the seventies Elvis was washed up commercially, a joke discarded by the record industry, is completely ludicrous. Had Elvis Presley left RCA in 1973/1974 they would have cut their wrists. And any other label would have killed to have him. From 1970 to 1974, Elvis had at least two of RCA's highest charting singles in every year except 1972 where he had just one - but even then it was #2 for the whole year! In 1970 Elvis and The Guess Who had all of RCA's top six recordings. Over the years, the other names changed on RCA's hit list but Elvis remained their constant. Counting singles and albums, Elvis sold at least 10 million records domestically in 1970 alone.
On the album front he was equally successful. For starters, he charted more albums in this one decade than any other artist in any other decade. Virtually every release was guaranteed at least 500,000 domestically and some like the ?Madison Square Garden? set, ?Aloha?, or ?On Stage? caught fire and topped the million mark or plus. While there were few dominant sellers, thanks to the excessive release schedule, people were still buying both new and old Elvis records. This does not even take into account worldwide sales. In England Elvis was a Top Ten regular during the 1970s - ie the single "I Just Can?t Help Believing" making #6 (not even released in the US!), "My Boy" #5, "Moody Blue" #6. Critic and sometimes FECC board poster Neal Umphred estimated in an article in "Goldmine" that Elvis moved more than 100 million records worldwide in the two years preceding his death.
Never has there been printed anywhere a notion that RCA even considered dropping Elvis. Their main complaint was that there wasn't enough product. Remember that one of the alleged reasons for the 1973 buy-out was to keep Elvis and the Colonel happy. This does not even consider the prestige factor of having Elvis Presley on the label.
On the road Elvis continued to break attendance records throughout the decade. In 1975 alone, when according to the myth he was a complete has-been, more than 60,000 folks packed into the Pontiac Silverdome for one concert event, just to watch Elvis. Even by today?s concert standards of super-domes that is a staggering amount.