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In Reply to: RE: Mixed feelings about this, on the one hand, artists who were screwed by their label posted by Road Warrior on April 08, 2014 at 15:28:49
conversation with a gentleman who was formerly the head accountant for Capitol Records (He claimed to have discovered Anne Murray).
He pointed out to me, that prior to the Beatles, all music acts were paid very little. Apparently the idea back then was that the LP's would spread fame and thus when the acts were on the road they were assured of a good audience attendance.
The arrival of the Beatles changed all that, in that the preorder sales were so astronomical that the group could command huge fees up front. This then became the norm.
Interesting point of view.
Follow Ups:
I'm sure that happened well after the Beatles left EMI and formed Apple. I was watching a documentary hell just two days ago where G. Martin states Epstein signed them to the 'industry norm' of $0.01 per every record sold, which amounted to 1/5th a penny for all 5! (Epstein included).
(jump to 3:00)
The Beatles commanded huge pre sales bonus commissions, even if they only received minimal payment per disc. Think of it as a NFL signing bonus.....just ink the contract and you get so much money.Bout 25 years ago (Sir) Elton John was on the Today show grumbling that with the advent of CD's the record companies REDUCED his per disc premium saying that their CD's were so expensive to produce. Of course by then, CDRs were so cheap they were almost free, which angered Elton ( he was obviously furious about being lied to and being forced to take a cut).
Edits: 04/09/14
do you have a link specifically relating to the Beatles info? I'm intrigued by this signing bonus example.
Edits: 04/10/14
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