Quote:
Originally Posted by kane
The music industry is the same way in many regards. They pay artists a royalty on albums sold, but make the artists pay back every dollar the label spends recording or promoting the record. There are big acts that sell a lot of albums and never see much, if anything, in the way of royalties because of the accounting measures the labels go to in order to hide profits.
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That is why TLC filed for bankruptcy. A lot of people couldn't believe they were each living off $50k/yr when they first found success but they got screwed in their first contract because they didn't know better.