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noodle
on April 22, 2009
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Big Entertainment Wants to Party Like It's 1996 (C...
yes, when artists got loans to make their records, earned under $1 for a CD that sold for more than $20, and were still expected to repay the loans?
oh wait, thats still how it goes, except the artist cut is lower because CDs sell for less.
azgolfer
on April 23, 2009
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No excuse for this, really. Led Zeppelin showed everyone how to do it in 1969. Record your own first record (very much easier to do now), own your masters, and have a good, tough business guy who is unquestionably on your side (Peter Grant).
eru
on April 23, 2009
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I find it somehow strange that they structure this as a loan and not as a sale of equity.
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oh wait, thats still how it goes, except the artist cut is lower because CDs sell for less.