neanderpaul wrote:I've said the same thing about being a one hit wonder. You must look at success like that and invest wisely. A lot of one hit wonders work regular jobs for the rest of their lives as they live like it will always be that good.
Paul,
It just "looks" good. Major Label deals are designed for them to recoup their investments and hopefully make a profit. They may invest 150K to produce an album, and 90% of those albums fail. You have to have susatining power to make money in this business, with a major label deal. You may not make any money until your 2nd album, and the vast majority of artists DON'T GET A 2nd ALBUM!
Read this and weep:
http://www.negativland.com/albini.html
Scroll Down to the bottom of that page and look at a typical breakdown of a major label's expenses and what they pay out.
It will open your eyes!
Not only that, but I have a friend who held a high level position in one of the majors, and she told me she has seen agents for the majors, buy cocaine and various other entertainments, and CHARGE them as expenses to the new artist. It will be listed as miscellaneous, or some other bogus charge off.
She says this is not an isolated case. That stuff like this is RAMPANT in the music industry on that level.