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Record labels don't invest in artists, they loan them money while taking a very substantial percentage and ownership. If you take funding and fail, you don't h
by daeken 16y ago
Record labels don't invest in artists, they loan them money while taking a very substantial percentage and ownership. If you take funding and fail, you don't have to pay it back. Make an album and fail, and they own you.
- Stormbringer 16y agoArguably that is only the case since musicians are less finance/numbers savy than programmers. In any case, in America it would be relatively easy to get in the hole to your music studio to the tune (sic) of 2.2 million dollars, have your record flop, and then declare bankruptcy to avoid being 'owned'.