Wednesday, 2 December 2009

Royalties and the Unrecouped

Tim Quirk, ex of the 90s band Too Much Joy has recently posted a blog about the luaghable royalties his band recently were awarded for digital play back by their label Warner Music.

It makes for compelling reading, not only about the lackadaisical inner working of the recording industry, but also about life as a member of an "unrecouped" band (one that never earned enough to pay back their advance, thus aren't entitled to any payout from the label), $10,000 accountancy errors and fiscal irregularities and how an industry so rife with inner turmoil can actually take the public to task for piracy.

It may be a longish read, but it's a worthwhile read.

Again, the only reason Quirk actually got his royalty statement is because he now works for Rhapsody and knows what they pay the labels for digital streaming. I guess he was curious how much HE would actually get out of the deal.

In recent weeks Lady Gaga was in the press complaining about her Spotify royalty payments. The fact that Quirk released three albums and still hasn't made enough to be considered a recoupable artist, I imagine Gaga is lucky to get anything. 

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