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Post by btreim on May 20, 2015 8:37:37 GMT -6
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Post by Johnkenn on May 20, 2015 9:07:41 GMT -6
"But what the contract doesn’t stipulate is what Sony Music can and will do with the advance money. Does it go into a pot to be divided between Sony Music’s artists, or does the label keep it to itself? According to a music industry source, labels routinely keep advances for themselves."
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Post by btreim on May 20, 2015 11:15:53 GMT -6
Well, I think we can pretty confidently cross this off the list of options. "Does it go into a pot to be divided between Sony Music’s artists"
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Post by Johnkenn on May 20, 2015 12:54:46 GMT -6
Publishers are in the business to do one thing: make money. They are basically money lenders that recoup whatever they lend and make money off the backs of the people that sign the egregious contracts. Unfortunately, it takes money to make money...and they have the money.
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Post by Johnkenn on May 20, 2015 12:59:58 GMT -6
I should say "big" publishers. There are still good small companies out there. The problem is the big ones scorch the earth with their entrails.
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