@garebear: Your understanding of the royalty question is mine as well. I think Robbie’s comment of "I did what I had to do" is very revealing of the nature of his related actions.
Band producer John Simon (he did their first two albums) has told the story of how he himself was tricked out of future royalties by Robertson and Capitol Records. Robertson approached Simon about working on the Last Waltz horn arrangements, and Simon told him he hadn’t received a royalty check from sales of those first two albums in a long time. Robertson told him he would talk to Capitol Records about that situation. Robbie got back to him, telling him that if he agreed to sign away his rights to any future royalties from sales of the two Band albums, Capitol would send him a check for the royalties already owed him, and would give him a percentage of the profits from the Last Waltz film. Robertson told Simon they were all gonna get rich from the album and movie.
What Robertson knew but didn’t tell Simon, was that he (Simon) and the Band members other than himself would not see any money until all the production costs of making the film were recouped. Robertson alone of the members of The Band and John Simon was in on the money paid out BEFORE the production costs were recouped (he was an associate producer of the Last Waltz film).
It is said Simon and the Band members other than Robertson never made a dime from the movie, while Robertson did himself get very rich. And Simon---having believed what Robertson told him---did indeed sign away all future royalties in exchange for profits from the movie, which were zero. And Simon has never again received a royalty check from Capitol Records.
Shame on you, Robbie Robertson.