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Courtney Love's Manifesto
June 2000
Today I want to talk about piracy and music. What is piracy?
Piracy is the act of stealing an artist's work without any
intention of paying for it. I'm not talking about Napster-type
software.
I'm talking about major label recording contracts.
I want to start with a story about rock bands and record
companies, and do some recording-contract math:
This story is about a bidding-war band that gets a huge deal
with a 20 percent royalty rate and a million-dollar advance.
(No bidding-war band ever got a 20 percent royalty, but whatever.)
This is my "funny" math based on some reality and I
just want to qualify it by saying I'm positive it's better math
than what Edgar Bronfman Jr. [the president and CEO of Seagram,
which owns Polygram] would provide.
What happens to that million dollars?
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.
That leaves $350,000 for the four band members to split.
After $170,000 in taxes, there's $180,000 left. That comes out
to $45,000 per person.
That's $45,000 to live on for a year until the record gets released.
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