Comment Re:would like to see a hollywood accounting study (Score 5, Informative) 132
Most contracts aren't even readable. The artists don't realize that the contract often stipulates they don't get paid until they make a profit (which rarely happens).
QUOTE: "The royalty rates granted in every recording contract are very low to start with and then companies charge back every conceivable cost to an artist's royalty account. Artists pay for recording costs, video production costs, tour support, radio promotion, sales and marketing costs, packaging costs and any other cost the record company can subtract from their royalties. Record companies also reduce royalties by "forgetting" to report sales figure, miscalculating royalties and by preventing artists from auditing record company books." http://www.gerryhemingway.com/piracy2.html