Sunday, December 12, 2010

You Do The Math [quote on royalties]

"If all of the million records are sold at full price with no discounts or record clubs, the band earns $2 million in royalties, since their 20 percent royalty works out to $2 a record. Two million dollars in royalties minus $2 million in recoupable expenses equals ... zero! How much does the record company make? They grossed $11 million."
- by Courtney Love, June 14, 2000

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