Am I the only one reacting to the fact that the recordlabel, in the video, is basically just a big ass $1 million loan? The costs for recording etc. seems to be covered by the "advance" which the artist has to pay back anyway? Doesn't that mean that the artist payed for producing the album himself? Just with a loan from the labels?
Shouldn't they be able to get a loan with better rates somewhere else? What actual function does the labels serve?
Am I the only one reacting to the fact that the recordlabel, in the video, is basically just a big ass $1 million loan? The costs for recording etc. seems to be covered by the "advance" which the artist has to pay back anyway? Doesn't that mean that the artist payed for producing the album himself? Just with a loan from the labels?
Shouldn't they be able to get a loan with better rates somewhere else? What actual function does the labels serve?
Techdirt has not posted any stories submitted by Viktor Edholm.
Am I the only one reacting to the fact that the recordlabel, in the video, is basically just a big ass $1 million loan? The costs for recording etc. seems to be covered by the "advance" which the artist has to pay back anyway? Doesn't that mean that the artist payed for producing the album himself? Just with a loan from the labels?
Shouldn't they be able to get a loan with better rates somewhere else? What actual function does the labels serve?
Am I the only one reacting to the fact that the recordlabel, in the video, is basically just a big ass $1 million loan? The costs for recording etc. seems to be covered by the "advance" which the artist has to pay back anyway? Doesn't that mean that the artist payed for producing the album himself? Just with a loan from the labels?
Shouldn't they be able to get a loan with better rates somewhere else? What actual function does the labels serve?