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Posts: 153
Sony Music Entertainment to waive debts for thousands of artists -- (link)
Posted by
Remlik (aka Remlik)
Jun 11 '21, 10:53
(No message)
link
(www.nme.com)
Responses:
Are they trying to get themselves sold or just a PR push? Why else would they want to write off these assets? -- nm*
-
znufrii
Jun 11, 11:08
1
According to that story, they're not the first label to do so. -- nm
-
JD
Jun 11, 11:15
This is significant and an aspect of the music industry I didn't really know about.
-
Mop, Montreal Canadiens Fan
Jun 11, 11:02
(If they haven’t made enough to cover the advance in at least 20 years) -- nm
-
spamlet
Jun 11, 11:00
4
and a great cheer went up from accounting -- nm*
-
JD
Jun 11, 11:03
3
We don't need you guys any more. Everybody's fired! -- nm
-
Mop, Montreal Canadiens Fan
Jun 11, 11:05
I mean they were never going to recover these debts anyway and I can’t imagine the royalties are more than a rounding error. -- nm
-
spamlet
Jun 11, 11:05
1
In 2024, Mark McGrath will get a check for 24 cents.
-
Mop, Montreal Canadiens Fan
Jun 11, 11:07
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