ROYALTIES 101, WITH PROFESSOR DAVID ELLEFSON
Metal Injection has posted a video clip from David Ellefson’s industry-centric video blog The Rock Shop, in which the ex-Megadeth bassist explains in detail how artists get paid from sales of their recorded music. We see retarded comments all the time by people who just don’t understand how the industry works, so if you’re one of these people (as if any of you would be self-aware enough to realize) or you’re in an unsigned band gunning for a record deal, you should definitely give this 5-minute clip a watch. Personally I think he’s being quite generous with his $2 per record figure, but I guess the math works out nicely for his example. The takeaway: your band needs to sell a shitload of records before you start seeing any money from those sales.