). Every additional percentage of royalty cash that major labels hand to heritage artists immediately reduces these valuations, because catalog income is a cast-iron indicator of perpetual future revenues in the streaming age.
Something worth knowing about record deals: When an artist agrees a royalty rate with a label, they often also agree an advance of money. This becomes a debt for the artist, paid back to the label in accordance with the act’s own royalty percentage. In other words, if we agree an 20-80 royalty split, I advance you $10,000, then your music generates $20,000 in gross receipts, you’ll still owe me $6,000 — because your artist’s share of that royalty income only amounts to $4,000.
(((((((( 3 ))))))))
Major labels don't help anyone!!! Run from these people! They're thieves!
They bloody well should 💔✖️
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