Buyer Beware

[...] the labels want a share of absolutely everything. If that act is paying all of the traditional touring costs (such as hotels and transportation) as well as paying a manager a 20% commission, a booking agent 15% and a lawyer and a business manager 5% each, then that could result in a record com...

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Bibliographic Details
Published inBillboard Vol. 122; no. 12; p. 4
Main Author Donnelly, Bob
Format Trade Publication Article
LanguageEnglish
Published New York P-MRC 27.03.2010
Subjects
Descriptive labeling
Executive compensation
Musical recordings
Musicians & conductors
Recording industry
Sales
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Summary:[...] the labels want a share of absolutely everything. If that act is paying all of the traditional touring costs (such as hotels and transportation) as well as paying a manager a 20% commission, a booking agent 15% and a lawyer and a business manager 5% each, then that could result in a record company receiving half of every net touring dollar that usually winds up in the artist's pocket.
ISSN:0006-2510