3 ms·
I wonder how much of the traditional music and theatre businesses has been money laundering. One could put out a record (which presumably has a nice margin on
by eadmund 4y ago
I wonder how much of the traditional music and theatre businesses has been money laundering. One could put out a record (which presumably has a nice margin on it) and pay folks a small amount of money to buy many many many copies of the records with cash, turning the dirty funds into clean ones. Likewise with a theatre production and ticket sales. Seems like any business with significant cash inputs would be vulnerable to this.
And of course it would make it very difficult for legitimate businesses to survive: they would lack the implicit subsidy that the illegitimate businesses get.
- user3939382 4y agoI used to work in the music industry and gaming the charts was common.
- notnaut 4y agoArt and publishing too
- dylan604 4y agoBy theater, what type of theater are you meaning? Stage performances like plays? If you put on a crap play, the critics will lambast it for the sham it is, and then no more ticket sales.