Comments on: Is Getting Signed Still Your Dream? http://www.newrockstarphilosophy.com/2009/01/is-getting-signed-still-your-dream/ Sun, 20 May 2012 19:48:16 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: John C http://www.newrockstarphilosophy.com/2009/01/is-getting-signed-still-your-dream/comment-page-1/#comment-282 John C Mon, 19 Jan 2009 19:17:32 +0000 http://newrockstarphilosophy.com/?p=1660#comment-282 I understand the statistic to be closer to 97% of all albums released on major labels fail. I like that the author used the term "loan" instead of "advance" although I would like to take it one step further and refer to it as a purchase price. Make no mistakes, the major labels own you when you are under contract and every dollar they spend is one more piece of you they get. The worst of it is that even if you can pay back the initial purchase price, they still own you! Also, there is aspects of you and your career that they will most likely never give back to you. The ownership of the art that you created comes to mind. I agree- Get Yo Grind On! Seek help if you need! When you do it yourself you get to choose how much of your money you keep and how much you delegate back to your career. This is an exciting time to be an independent musician, make the most of it! I understand the statistic to be closer to 97% of all albums released on major labels fail.
I like that the author used the term “loan” instead of “advance” although I would like to take it one step further and refer to it as a purchase price. Make no mistakes, the major labels own you when you are under contract and every dollar they spend is one more piece of you they get. The worst of it is that even if you can pay back the initial purchase price, they still own you! Also, there is aspects of you and your career that they will most likely never give back to you. The ownership of the art that you created comes to mind.

I agree- Get Yo Grind On! Seek help if you need! When you do it yourself you get to choose how much of your money you keep and how much you delegate back to your career. This is an exciting time to be an independent musician, make the most of it!

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