Brenda, thanks for the great advice-and comments!
Is this the best list ever or what?
>
> When I was working in A&R I always encouraged the artists and their
> management to create their own balance sheet for their label
> relationship and figure out exactly how much they would have to sell to
> cover their recoupable costs BEFORE signing the deal. And to spend the
> advance on building their own small tracking studio instead of buying a
> new car, that way no matter what happened with the label they could
> still make music. If they monitored that balance sheet along the way,
> they would get a handy lesson on how the business side works so they
> could later go indie or have a low enough balance to get bought out of
> their deal if things went sour.
>
> Brenda
>
> n.p. - Headline News
