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I wonder how advances on royalties might fit in here. I would think if the advances are large they could explain why new artists seem so prosperous, where if t
by cardiffspaceman 7y ago
I wonder how advances on royalties might fit in here.
I would think if the advances are large they could explain why new artists seem so prosperous, where if they were steadily getting royalty checks it would seem like they would have to live modestly at first.
One last step in my query-posed-as-speculation: New artists using the posited advance money would explain why they "brand" themselves using pink vinyl wraps on their Lamborghinis and maybe that sort of branding is important to promotion.
- TheOtherHobbes 7y agoIt's been a long time since a complete unknown got enough of an advance to buy a Lamborghini. Advances used to be seed funding, but now they're more like later series funding. Artists don't get them until they're up and running as a business, and they're treated more like investor input in exchange for management equity - politically and financially - than free cash. In a very real sense, the music business pioneered the VC model. If you strip away the glamour from music, there are some very familiar relationships and strategies (and scams) on the business side.