The Music Bizinis
"Everyone" knows that the record company is set up in a way that they make most of the money from record/CD sales and even if a record sells one million copies, the recording artist may get 10s of thousands of dollars, vs. hundreds of thousands or millions from the direct record sales.
Remembering what "Left Eye" said on the MTV show that discussed the behind the scenes actions of TLC, when they signed the deal, they signed to about 4 points a unit, meaning 4 cents on every CD sold. Money "given" to them by the record company was front money for production and studio time. It was loan. The record company ALWAYS get's "their" money first. When the artists finally get some money, they still have to pay agents, band members, and other people who work for them. AND they have to pay taxes.
When the artist goes on the road to tour, EVERYTHING the record company pays for, they get back, plus interest. The tour bus and driver, the hotel rooms, the clothes, ALL of it. And because the money goes to the record company FIRST, the artist see little of anything.
So in the current "save Black radio" campaign, why is the cheating of artists by the record companies not being mentioned much?
More to come.