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Because they singed a contract stating that advances are to come out of their share of the profits. It sucks but that's how it has worked and sometimes still w
by dazzawazza 17y ago
Because they singed a contract stating that advances are to come out of their share of the profits.
It sucks but that's how it has worked and sometimes still works for artists although a lot of them are wise to this game.
- jcl 17y agoHis point is that the company is misrepresenting money promised by the contract; if the contract were actually enforced, the band might completely repay their advance in another five years and be owed money. It's like in The Producers... Whether intentionally or not, the record labels are banking on the fact that people do not look too closely at the accounting of a losing enterprise.