Record labels typically take a significant portion of album sales revenue, leaving artists with only a fraction of the total earnings; for example, if an album sells for $18 and the artist receives half, selling 1 million copies would generate $10 million for the artist, while selling 2 million copies would yield $20 million.
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When Prince went off script explaining how record labels give out bad deals.. 👁️😳Added:
Artists don't get paid anyway. There's maybe 10 or 12 of them that have semi-decent [music] deals and the rest of them are, you know.
>> Like Mariah Carey just had this big $20 million like the That's like a huge deal, right? [music] >> So, you you feeling that?
>> I mean, what am I missing?
>> O- Okay, let's do some math.
>> Okay. Okay.
>> If you signed me to a record company [music] or record deal, let's suppose you have a record company. How much would you give me the albums sells for [music] $18, right? $18.
All right. How much of that would you give me?
>> Half?
>> Half? Half sound good? All right. Check this out.
I- If I sell a million copies, I'm going to have $10 million, right?
Roughly $10 million. If I sell 2 million copies, I got $20 million. If I just sell 3 million copies, I got $30 million. Now, who has the biggest record deal?
>> Oh, I see. Yeah, right. Okay.
>> Right? So, Mariah kind of got screwed.
>> Really?
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