Re: OT: record companies

["Matt Shields-5" <user=70@nabble.blu.org>]

 On Feb 4, 2008 9:02 PM, Kristian Erik Hermansen 
<[hidden email]> wrote: 
> On Feb 4, 2008 5:23 PM, Matt Shields <[hidden email]> wrote: 
> > this is were the math gets complicated.  If this is a new artist (3-4 
> > or less albums), they are usually already in the hole from money 
> > prepaid upon signing, plus all sorts of costs that the labels can come 
> > up with.  What it comes down to is usually the first 2 albums the 
> > artist doesn't make very much to live off of, usually because the 
> > artist has sold his soul to the devil (the labels).  So the way they 
> 
> One of the singers in my old band Texas Pink (Aaron Norrell) was 
> offered a million dollar contract when he lived in California.  He 
> refused to sign (due to the conditions) and I had the pleasure of 
> playing with him when he moved to Boston.  We played for about a year, 
> but everyone was so busy with their lives that it is hard to keep a 
> band together (as anyone who plays in bands knows).  I then moved to 
> California and they got a new drummer. 
> 
> From what Aaron told me, basically you owe the record company a lot of 
> money if your album does not sell to recoup the costs.  It's 
> essentially a very hefty loan!  Now, that's just crazy to owe one 
> million back to a record company :-) 
>