RIAA Accounting: How To Sell 1 Million Albums And Still Owe $500,000
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Re: RIAA Accounting: How To Sell 1 Million Albums And Still Owe $500,000
#2Really good article. Mentions the different fees, how they are calculated, their amounts for a typical successful album. This kind of info you normally don't come across.
Re: RIAA Accounting: How To Sell 1 Million Albums And Still Owe $500,000
#3[deleted]
Re: RIAA Accounting: How To Sell 1 Million Albums And Still Owe $500,000
#4I still don't understand why musicians continue to sign up with record labels?
With all the other options out there, the record labels should not be the first choice for any aspiring musician.
Re: RIAA Accounting: How To Sell 1 Million Albums And Still Owe $500,000
#5Does anyone know why he left out the $300,000 advance from the final calculation on how much the artists make? I'm not sure if that was just an oversight or if there was a valid reason for it.
Re: RIAA Accounting: How To Sell 1 Million Albums And Still Owe $500,000
#6Steve Albini's explanation is much more colorful and now almost 15 years old, http://www.negativland.com/albini.html
Re: RIAA Accounting: How To Sell 1 Million Albums And Still Owe $500,000
#7The crazy thing to me is that the deal is structured more like a loan then an investment, and yet they are still only entitled to 10% of net income. Could you imagine a tech entrepreneur accepting that kind of a deal from a VC?
Re: RIAA Accounting: How To Sell 1 Million Albums And Still Owe $500,000
#8Does anyone know why he left out the $300,000 advance from the final calculation on how much the artists make? I'm not sure if that was just an oversight or if there was a valid reason for it.
Even so, for a 5 member band, assuming they took the whole advance, (no manager fees, etc) they've earned $60,000. Which considering there's usually 2-4 years between albums, and they still owe the label money, that's a pretty shitty wage of $15k - $30k P/A.
Re: RIAA Accounting: How To Sell 1 Million Albums And Still Owe $500,000
#9The crazy thing to me is that the deal is structured more like a loan then an investment, and yet they are still only entitled to 10% of net income. Could you imagine a tech entrepreneur accepting that kind of a deal from a VC?
Programming ability has a great deal more economic value than entertainment ability.
Re: RIAA Accounting: How To Sell 1 Million Albums And Still Owe $500,000
#10The crazy thing to me is that the deal is structured more like a loan then an investment, and yet they are still only entitled to 10% of net income. Could you imagine a tech entrepreneur accepting that kind of a deal from a VC?
Programming ability has a great deal more economic value than entertainment ability.
How so, given how much money top singers/bands make?