In Reply to: I dispute one of his factual contentions posted by John Marks on June 19, 2012 at 08:38:19:
There have been famous cases where performers or bands got in over their heads when the advances were legally loans--either having to record more albums at very reduced royalties (or no royalties) or, tour to raise cash to repay the advances in cash.
Right. A lot of times a recording contract is nothing more than a cash loan from the recording label.
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Follow Ups
- RE: I dispute one of his factual contentions - Thornhill 11:26:56 06/19/12 (2)
- So they pay them up front instead of over time... - David Smith 15:56:41 06/19/12 (1)
- RE: So they pay them up front instead of over time... - Thornhill 06:05:17 06/20/12 (0)