I believe that. The industry should get it under RICO.
Well, I can tell you something I was told once. Moist is a Canadian band that had a quadruple platinum album in Canada called Creature. That meant that they had record sales of over 400,000 copies. There are five people in the band. Total income in royalties among the five amounted to less than 200,000 dollars... significantly less; I was told that they made about 40k each the year that album did that, and they toured constantly, and that most of their income was actually from doing shows, not from royalties. Creature was perhaps the second or third best selling album in Canada that year.
I have no trouble believing that at all. I've been a pro musician, and know many many pro musicians. Here's the progression the further you get into the industry: record company execs are weasels, whores, leeches, cocksuckers, bloodsuckers, vampires. I have family in the retail end of music as well, and I calculate that the breakdown (assuming a price of 20$/CD, which is about average up here) as 2M for the retailers, 5.5M for the label, and perhaps as much as .5M to the band... most of which was clawed back by the label for promotion and recording costs... on which they charge a markup. Also, the management (which is also part of the label) collects a percentage on everything, like merch, road pay (what they get paid to play a show), autograph fees, interview fees, and so on... between all the parties getting into the act, it's very common to see over half of all touring income get taxed away by the various management groups that the label enforces on most artists.
It's a very dirty business. There's a great song by Albert Collins called "Personal Manager" that discusses this... I recommend it if you can find a copy.
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* Jack Troughton jake at consultron.ca *
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* Laval Qu\ufffdbec Canada [link|news://news.consultron.ca|news://news.consultron.ca] *
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