However, Chris Anokute, who’s worked in the major label system for two decades as an A&R executive (Katy Perry, Fifth Harmony), says it was only recently that he realized how unfavorable contracts are to artists, with customary clauses that no longer correlate to today’s music market. For example: distribution fees, a remnant from the CD and early vinyl eras, in which a label subtracts 24% from an artist’s royalty for trucking physical product. He also takes issue with an added expense for international, noting that today’s music groups are all operating globally, as opposed to territory by territory, like in the old days, and of other forms of “pipeline money,” as he calls it.
September 25, 2020 at 09:42PM
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Are Kanye West’s ideas about the music industry really that unthinkable? Label execs weigh in - Chicago Tribune
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