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If you don't sell any copies, you usually don't owe the advance back; it's yours to keep and the label eats the cost. It's not a salary but it has a somewhat si
by anon1234321 10y ago
If you don't sell any copies, you usually don't owe the advance back; it's yours to keep and the label eats the cost. It's not a salary but it has a somewhat similar effect and I stand by my point. Nevertheless, I was wrong and I do stand corrected.
- pyre 10y ago> it's yours to keep and the label eats the cost Not quite. It's structured as a loan. As far as book-keeping goes, they write it off as a sunk cost, but you still owe them. The contracts usually tie you to them for a period of time (or something like X albums). If you make a single album and it flops, you are still tied to them. If they decide not to give you the money to make more albums your music career is basically over.