Episode 17 Artist Royalties
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Great job at explaining the BRUTAL reality of what bands are up against when they sign with a MAJOR!!
2 years ago 2
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Unfortunately it's not just major labels that do this kind of thing.
Dave didn't even mention cross-collateralization or any of the other shenanigans that labels use to make sure that they can make maximum profit while paying the minimum royalty to any band.
But kudos to him for explaining it so clearly.
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I just started playing so I'm no where near this stage but thought it was very interesting. Thank you!
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As always Mr. Ellefson, you are a fountain of information. Keep these videos coming....
2 years ago 4
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so pretty much nowadays if your planing on becoming a rock star your just waiting to make money for the record company so they could take all of it AND even then your still gonna owe them money cause no one buys albums anymore...then if you start to suck later they say see ya! haha damn
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Thanks, this is great to know!
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This is very similar to the games industry where the company that makes the game makes no money. If they are lucky they break even and are given the chance to go into debt again by making a new game. It sucks.
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Very informative... so glad we do this on our own and license our music to the label and actually make a profit. Very nice.
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David shuld be a talk show host :D
MilitantOldLady 2 years ago 10
..this is why Major Labels are going the way of the dinosaur.... Karma for screwing over artists for decades. WE DON'T NEED YOU bastards!
AGENTARMES 2 years ago 4