Courtney Love has enough of her recording labels crap. She writes an article called Courtney Love does the math. In this article, Love breaks down the math of profit for everyone, right down to the penny. Who gets how much and who gets nothing. She also talks about piracy in music. Love is not talking about normal people sitting in their home downloading music. She is going bigger. Love calls out the recording labels contracts.
Courtney tells us that the band only gets about $500,000 out of a million dollar contract. However, the band still has people to pay such as a lawyer and a business manager. Love states: “They spend half a million to record their album. That leaves the band with $500,000. They pay $100,000 to their manager for 20 percent commission. They pay $25,000 each to their lawyer and business manager.” I find this interesting because according to Love, EACH MEMBER has to pay the SAME lawyer. Does the lawyer represent the individual or the group? You would think that the lawyer would represent the band.
Band members have to live off of $45,000 a year until the record is released (Love). Essentially that band ends up owing the company more than they have or make. Even if they (the band) did collect everything, they would break even. BUT that is IF they sell so many records. That is not including the records that flop or the ones that do okay.
The record labels are making all of the money and leaving the band with nothing. They are not able to pay their rent, much less support themselves.
Love talks about downloading music. Many people illegally download music using a various number of sites. She states; “It’s not piracy when kids swap music over the Internet using Napster or Gnutella or Freenet or iMesh or beaming their CDs into a My.MP3.com or MyPlay.com music locker. It’s piracy when those guys that run those companies make side deals with the cartel lawyers and label heads so that they can be “the labels’ friend,” and not the artists’.
Recording artists have essentially been giving their music away for free under the old system, so new technology that exposes our music to a larger audience can only be a good thing. Why aren’t these companies working with us to create some peace?
There were a billion music downloads last year, but music sales are up. Where’s the evidence that downloads hurt business? Downloads are creating more demand.
Why aren’t record companies embracing this great opportunity? Why aren’t they trying to talk to the kids passing compilations around to learn what they like? Why is the RIAA suing the companies that are stimulating this new demand? What’s the point of going after people swapping cruddy-sounding MP3s? Cash! Cash they have no intention of passing onto us, the writers of their profits.” Love knows that label companies only care about money. They do not want to give anything away for free. ITunes can sell a song for .99 and record companies will be fine with it. However, if something is free or being given away, then something must be done. Nothing in music should ever be free.
I was interested in how Courtney Love viewed things. She seems to think the same way many “common” people do. I would have never thought that she would hate recording companies instead of kids downloading music. My original thought was that she is going to bash everyone, kids who download as well as record labels.