IceCreamMan wrote
its fashionable to hate the big guys ,i understand that ...but given an opportunity almost everyone will sign with them....
I think that's changing. I see a lot of acts these days (young guns as well as grampas) on small labels. Plus the big labels have done their sums and figured out that what you really want is half-a-dozen Justin Biebers and Chrisina Aguileras and THAT is how you're going to make money. I don't see the record companies disappearing, but I do see the game, and their role in it, changing.
were it not for the big guys we may never have heard of led zep , or even def leppard...somebody saw an opportunity to make money and signed them up with an element of risk attached. its the game.
Yes. Bob Dylan complained for years about the royalty rate he got from CBS, but he was a distinctly risky proposition when they signed him and his first record didn't set the charts on fire. The Beatles were also considered a risk. A lot of acts are unknown propositions at signing time. When EMI signed the Beatles they didn't know they were getting what would become the biggest act in the world.
So what to do? Have an escalating rate - the more you sell the more you pay us? Or hold out for shorter term contracts? I know that record companies are not necessarily the musician's best friend, and certainly they are in it for the money, but some bands are their own worst enemies. Read Levon Helm's book, or Richard Thompson's biography for some good ideas on how to NOT run a career.
Sometimes the boot ends up on the other foot - which can be fun. Polygram (IIRC) wanted to drop Fairport Convention in the late 70s. Somebody read the small print very carefully and somehow the label ended up having to pay the band to NOT record.
Sometimes I feel for the label. Not the big ones who own the factories and the studios and everything, but the smaller ones. When Richard Thompson finally got a half way decent selling record with "Shoot Out The Lights" and toured behind it and it took off in the USA (he got the cover of Time magazine and blah de blah) he was signed to Hannibal, and Hannibal had a problem. They had to pay somebody else to press the records. The record plant wanted payment in 30 days. The retailers in the USA were paying in 90 days. Producer/label owner Joe Boyd was sitting on one of the biggest hits of his career and it was bankrupting him.
one of the comments at the end of the article is enlightening " they are now being shafted by the c@ck they sucked on for so many years"
i trust def leppard will make millions out of these new recordings an get filthy rich off the songs ...... it may be a case of ego's more than money thats prompting this
I'm puzzled. It's not going to cost them peanuts to reproduce those Mutt Lange recordings. So will they break even on the downloads? I think it's a threat really - pay us more or we WILL do this. Note it's their EX label. They parted company a while back, so there is no ongoing contract to renegotiate.