Quote:
Originally Posted by kane
SemiSonic had $500,000 in marketing put into them just to get their first single on the radio before ANYONE knew who they were.
Nirvana had a deal with SubPop but their first album didn't sell well at all and they wanted out. They singed with DGC and got a $287,000 advance just to sign with DGC. DGC also paid $75,000 plus 3% to get them out of their deal with subpop and they paid Butch Vig $100,000 plus 3 points to produce the record. So DCG spent $462,000 on Nirvana before they ever even set foot in a recording studio. While they weren't an unknown band they might as well have been.
I have time and again given examples, but since you don't like to be wrong you refuse to acknowledge them. I'm done.
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so now your examples of big advances is the on paper buying out of copyright that the artist had to sign away during their development deal stage.
That not a payout to the artist that one of those dirty tricks record companies do to screw artist out of their royalties.
It a promissory note which only get paid out if the artist turns a profit.