|
Bands that sell a million albums are often still in the red with the record company. They hope for touring and for publishing and for merch, unless the label or the manager fucked them in the contracts. Bands are much better off being completely DIY. Unfortunately most cannot.
GooGoo Dolls were a prime example. Sold over 2 million records and still in debt to label.
I was an editor at some rock mags in the 80's and 90's. What labels did and do to bands accounting-wise is shameful to the point I can only laugh when labels cry about piracy.
I remember a NARM bulletin that once said only 5% or less of bands sell more than 5k units. Those numbers must be pretty down these days.
|