Selling Music (repost)
10 Dec 2007 Selling Music Hello, We just received a paypal payment of $6.37 from our music aggregator for sales on iTunes music store. I thought it was cool how we can see how our sales are doing each month through these services. It then occurred to me that most people don't realize how their money actually effects the independent artist and I thought I'd break it down in plain terms. In the old days, when there were still major labels signing bands to multimillion dollar deals, the artist almost never saw any proceeds from record sales. The deal was set up in such a way that only around 10% of the money accrued from record sales would be credited against the debt the band held with the record company. Courtney Love made a wonderful speech regarding this disparity and most of us are aware of it these days. Essentially, unless you were a million selling artist you were never going to be out of debt with the record company, they would always hold ...