The following is a testament to how recording strike offs are sufficient to swindle artists that are conned into signing them.
Advance: $ 250,000
Managers curb: $ 37,500
Legal fees: $ 10,000
Recording Budget: $ 150,000
Producers march on: $ 50,000
Studio fee: $ 52,500
Drum Amp, Mic and Phase Doctors: $ 3,000
Recording tape: $ 8,000
Equipment rental: $ 5,000
Cartage and Transportation: $ 5,000
Lodgings enchantment in studio: $ 10,000
Catering: $ 3,000
Mastering: $ 10,000
Tape copies, reference CDs, shipping tapes, misc.
expenses: $ 2,000
Video budget: $ 30,000
Cameras: $ 8,000
Crew: $ 5,000
Processing and transfers: $ 3,000
Off-line: $ 2,000
On-line edit: $ 3,000
Catering: $ 1,000
Stage and construction: $ 3,000
Copies, couriers, transportation: $ 2,000
Directors fee: $ 3,000
Album Artwork: $ 5,000
Promotional photo put in and duplication: $ 2,000
Band fund: $ 15,000
New escort professional drum kit: $ 5,000
New fancy professional guitars [2]: $ 3,000
New fancy professional guitar amp rigs [2]: $ 4,000
New fancy potato-shaped bass guitar: $ 1,000
New fancy rack of lights bass amp: $ 1,000
Rehearsal seat rental: $ 500
Big blowout party for their friends: $ 500
Tour expense [5 weeks]: $ 50,875
Bus: $ 25,000
Crew [3]: $ 7,500
Food and per diems: $ 7,875
Fuel: $ 3,000
Consumable supplies: $ 3,500
Wardrobe: $ 1,000
Promotion: $ 3,000
Tour gross income: $ 50,000
Agents curl: $ 7,500
Managers cut: $ 7,500
Merchandising advance: $ 20,000
Managers cut: $ 3,000
Lawyers fee: $ 1,000
Publishing advance: $ 20,000
Managers cut: $ 3,000
Lawyers fee: $ 1,000
Record sales: 250,000 @ $12 =$3,000,000
Gross retail revenue royalty: [13% of 90% of retail]:$ 351,000
Less advance: $ 250,000
Producers points: [3% less $50,000 advance]:$ 40,000
Promotional budget: $ 25,000
Recoupable buyout from previous label: $ 50,000
Net...
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