3 ms·
yes, when artists got loans to make their records, earned under $1 for a CD that sold for more than $20, and were still expected to repay the loans? oh wait, t
by noodle 18y ago
yes, when artists got loans to make their records, earned under $1 for a CD that sold for more than $20, and were still expected to repay the loans?
oh wait, thats still how it goes, except the artist cut is lower because CDs sell for less.
- eru 18y agoI find it somehow strange that they structure this as a loan and not as a sale of equity.
- azgolfer 18y agoNo excuse for this, really. Led Zeppelin showed everyone how to do it in 1969. Record your own first record (very much easier to do now), own your masters, and have a good, tough business guy who is unquestionably on your side (Peter Grant).