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Discussion in 'Off Topic [BG]' started by Peter Squire, Jan 17, 2006.
So, your band gets signed for a $1m contract. What do you spend your newly found money on?
Every band members dream rig/setup
Hookers and coke (I imagine they'll get thirsty).
funny you mention that... i tried to snort coke after a gig once with the groupies... but the ice blocks got stuck in my nose......
HA........HA.......... OH......... SO............ FUNNY
The million is an advance, and if the album tanks we'll be expected to pay back all of the $$$, as that's what the company spent on overpriced studio time and advertising.
Or maybe I put the cash in a low risk investment fund for a year or so in hopes of making a bit of change on the principle before I have to give it back to the record company?
Yeah, I know...it's not much fun, but definitely more real world than hookers and drugs.
I'd buy a house. Nothing fancy, just a nice, humble place with some land, and lots of trees.
Dodge Viper and more bass gear
A house for my folks, a house for myself, a sweet car (like a WRX STi), and the rest goes into savings.
A pickup truck that can fit the equipment that I'm going to buy plus the new basses
Must be cheap housing in your neck of the woods. Once I split the money between band members and pay taxes I can't even pay for one house.
The first thing I'd get would have to be sleeves.
assuming i'd be touring and stuff I'd invest the rest. look for places to live when I got off tour
To be more real . . .
1. Recording costs - studio rental, equipment rentals, engineer(s), producer(s), mastering. etc.
2. manufacturing costs - graphic design, color separations, printing, CD replication, etc
3. Video(s) - director, locations, equipment rentals, post production, DVD, i/2" U-matic, D2 and/or VHS duplication
4. Promotion costs - complimentary CD's, magazine and TV ads, payola, etc
Have I left anything out?
oh yeah, 5. Tour support . . . (we all hope for at least SOME!)
And remember, it's probably ALL re-coupale, which means you have to pay it all back . . . and you STILL don't own the masters (or, for that matter, the "products")
A new Nike SasQuatch driver, and a set of Slingshot hybrid irons.
Split?! I thought we each got $1 million.
An amp, tattoos, some grass(okay, lots of grass) and try to save the rest.
Recoupable means that you have to pay it back out of your record sales, not out of your pocket. The 1 million dollar advance is recoupable, as well. Let's put it this way.
1 million dollar advance
1.5 million dollars in recording
1 million in promotion, misc.
500,000 in mastering.
4 million dollars.
This means that the first 4 million the band would make from record sales would go to pay this back. If you don't make 4 million dollars on the album, it's not like they send you a bill for the remainder. They just roll it over into the next album.
In other words, that 1 million dollars might be the only money you ever see from them, so spend it wisely, but don't be afraid to spend it.
Peter, are we talking $1 million AU or $1 milliion US. The US dollar ain't worth much these days, but at least I could still buy a night on the town. Not sure that $1 million Australian would buy me a cup of coffee.
Exchange it for the billion or so pennies and buy an expensive rig at GC.
A safe investment until you know whether you pay the $$ back. Get your "moneys worth" out of the money.