Re: OT : warner bros to cut off ITunes?
Message ID: 308919
Posted By: nobbutl
Posted On: 2005-10-03 16:45:00
Subject: Re: OT : warner bros to cut off ITunes?
Recs: 17
<< http://www.janisian.com/article-internet_debacle.html>>
Many thanks for that, great stuff. It's a fine companion to 'The Problem With Music' by the one and only Steve Albini (see http://www.negativland.com/albini.html ) in which the world's best recording engineer does a bit of financial analysis worthy of this board at its finest, and finishes up like this:
---->8-------->8-------->8-------->8-------->8-------->8----
The Balance Sheet: This is how much each player got paid at the end of the game.
Record company: $ 710,000
Producer: $ 90,000
Manager: $ 51,000
Studio: $ 52,500
Previous label: $ 50,000
Agent: $ 7,500
Lawyer: $ 12,000
Band member net income each: $ 4,031.25
The band is now 1/4 of the way through its contract, has made the music industry more than 3 million dollars richer, but is in the hole $14,000 on royalties. The band members have each earned about 1/3 as much as they would working at a 7-11, but they got to ride in a tour bus for a month. The next album will be about the same, except that the record company will insist they spend more time and money on it. Since the previous one never "recouped," the band will have no leverage, and will oblige. The next tour will be about the same, except the merchandising advance will have already been paid, and the band, strangely enough, won't have earned any royalties from their T-shirts yet. Maybe the T-shirt guys have figured out how to count money like record company guys. Some of your friends are probably already thisfucked.
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Posted By: nobbutl
Posted On: 2005-10-03 16:45:00
Subject: Re: OT : warner bros to cut off ITunes?
Recs: 17
<< http://www.janisian.com/article-internet_debacle.html>>
Many thanks for that, great stuff. It's a fine companion to 'The Problem With Music' by the one and only Steve Albini (see http://www.negativland.com/albini.html ) in which the world's best recording engineer does a bit of financial analysis worthy of this board at its finest, and finishes up like this:
---->8-------->8-------->8-------->8-------->8-------->8----
The Balance Sheet: This is how much each player got paid at the end of the game.
Record company: $ 710,000
Producer: $ 90,000
Manager: $ 51,000
Studio: $ 52,500
Previous label: $ 50,000
Agent: $ 7,500
Lawyer: $ 12,000
Band member net income each: $ 4,031.25
The band is now 1/4 of the way through its contract, has made the music industry more than 3 million dollars richer, but is in the hole $14,000 on royalties. The band members have each earned about 1/3 as much as they would working at a 7-11, but they got to ride in a tour bus for a month. The next album will be about the same, except that the record company will insist they spend more time and money on it. Since the previous one never "recouped," the band will have no leverage, and will oblige. The next tour will be about the same, except the merchandising advance will have already been paid, and the band, strangely enough, won't have earned any royalties from their T-shirts yet. Maybe the T-shirt guys have figured out how to count money like record company guys. Some of your friends are probably already this
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "nobbutl"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------