GodTube: The Big Guy Goes Online Deals? Sellers Unload Homes at Auction Bye-Bye Blackwater? CEO Talks as U.
S., Iraqi Officials Hint at Expulsion from Iraq Garth Brooks made a record deal with Wal-Mart. Prince distributed 2.
5 million records through a Sunday newspaper in the United Kingdom. Paul McCartney and Joni Mitchell both signed deals with the Starbucks record label and Radiohead just released its latest album for free over the Internet, telling fans to pay what they think is appropriate. "Even the top-tier name-brand artists in the world have royalty rates far below 20 percent of the retail price," Sinnreich said.
And the royalties are paid after the labels recoup their extensive costs, which he said they usually fail to do. "So if I'm already a household name … what reason do I have to stay with the majors?" Sinnreich said.
"It is far better to either team up with a powerhouse company like Starbucks, Wal-Mart or Live Nation, who are going to be able to give me much more leverage in my deals with them and much more attention as one of the only artists in their roster." Madonna's reported intention to sign a $120 million recording and touring deal with live entertainment promoter Live Nation Inc. shows just how much the industry has shifted.
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