One of the oldest and saddest stories in the recorded music business has always been the naivete of artists who, eager for fame, jump to sign contracts without thinking of future ramifications.
True horror stories of songs sold for a bottle of wine or a used Cadillac aren’t the rule anymore. But other stories abound of contracts that front-load massive debt and lock in artists for one-sided agreements, resulting in popular artists never seeing anything beyond the advance, a sum which is always cannibalized by the nibbles of a thousand pecks.
It’s why you see some artists out on the road even as their health deteriorates. It’s their only real source of income, since recorded music royalties reward but a few.
The accounting practices have been so entrenched that it came as a shock this week when Sony Music did something about it. The company announced it...
True horror stories of songs sold for a bottle of wine or a used Cadillac aren’t the rule anymore. But other stories abound of contracts that front-load massive debt and lock in artists for one-sided agreements, resulting in popular artists never seeing anything beyond the advance, a sum which is always cannibalized by the nibbles of a thousand pecks.
It’s why you see some artists out on the road even as their health deteriorates. It’s their only real source of income, since recorded music royalties reward but a few.
The accounting practices have been so entrenched that it came as a shock this week when Sony Music did something about it. The company announced it...
- 6/12/2021
- by Bruce Haring
- Deadline Film + TV
Similar News
Elle Fanning & Boyfriend Gus Wenner Hold Hands Heading to Knicks Game
- 4/24/2024
- by Just Jared
- Just Jared
Antiques Roadshow Season 28 Episode 13 Stan Hywet Hall & Gardens Hour 1 Airs May 1 2024 on PBS
- 4/24/2024
- by Jules Byrd
- TV Everyday
Madonna’s Songwriter Said 1 Hit Proves She Has the Best Singing Voice Ever
- 4/24/2024
- by Matthew Trzcinski
- Showbiz Cheat Sheet
Taylor Swift Reveals Meaning Behind Songs in ‘The Tortured Poets Department’
- 4/22/2024
- by Kalia Richardson
- Rollingstone.com
Taylor Swift Explains Meaning Behind ‘Tortured Poets’ Songs Including “Fortnight”, “Florida!!!” & More
- 4/22/2024
- by Denise Petski
- Deadline Film + TV
Lindsey Buckingham Said His Split From Stevie Nicks Helped Fleetwood Mac
- 4/22/2024
- by Emma McKee
- Showbiz Cheat Sheet
Long Lost: Steven Spielberg to produce thriller in the vein of What Lies Beneath & Rosemary’s Baby
- 1/8/2024
- by Cody Hamman
- JoBlo.com
Spider-Man: Beyond the Spider-Verse: Jake Johnson says he hasn’t recorded any dialogue yet
- 1/8/2024
- by EJ Tangonan
- JoBlo.com
‘Wonka’ crosses £53m at UK-Ireland box office, ‘One Life’ opens second
- 1/8/2024
- by Ben Dalton
- ScreenDaily
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.