RE: [fearnwhiskey] Clip: A Label All His Own
>Why do a handshake deal? Is drawing up aWell, there seem to be two flawed sides to it - one is the Sympathy for the
> written contract so bad?
Record Industry owner's attitude that if one of his bands is going to go to
a major label and screw him over, there's nothing he can do about it anyway,
because he can't afford to fight. The other side, which he's not so
forthcoming about, is that he seems to have a very loose idea of accounting.
Yeah, maybe he spent a lot of money on the White Stripes. And yeah, maybe
they jumped ship before he had really made back his investment or the
profits that they expected -- but how is he supposed to tell them that if he
doesn't have the figures, which is what it sounds like?
Arty types always think it's good to conduct business as though it were a
family picnic. But it never is, and all that results are bad feelings.
Business protocol, as distasteful as it often is, is a highly developed
technology. It's silly not to use that accumulated wisdom -- it doesn't turn
you into a capitalist pig to do so. I say this as a very very non-businessy
sort of person, but I've been down that road enough to think it should be