A Music Industry Case Study

Posted by michael on Sunday February 23, 2003 @07:52AM from the step-3:-profit dept.

spmkk writes "The NY Daily News has an uplifting look at the fate of a (hypothetical) 4-piece band "making it big" in today's RIAA-driven music industry. The condensed version: A band that sells 500,000 records for $8,490,000 gross ends up (after a few iterations of the new math) with $161,909 in their pocket. Split four ways, that's a whopping $40,477.25 each for a record that probably took close to a year to produce. And this is for a record that goes gold (as per the article, only 128 of some 30,000 records released in 2002 were so privileged). And I bet you wanted to be a rock star when you were a kid..."

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Check out Courtney Love's thoughts on this... by bahtama · 2003-02-23 08:01 · Score: 5, Informative

You can read her manifesto about this at http://www.holemusic.com/speech/
It's more in depth than this article and comes from someone who has been there, a good read..

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Oh bother.
Courney love also did the math by daves · 2003-02-23 08:05 · Score: 5, Informative

In a 2000 speech to the Digital Hollywood online entertainment conference. It shows how a million dollar advance and a million copies sold can equal zero dollars.

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People who disagree with you are not automatically evil, greedy, or stupid.