The SHOCKING Truth: Why Famous Artists Go BROKE from 360 Deals! (Did I Miss Anything?)

Have you ever wondered how some of your favorite artists, who sell out arenas and have millions of streams, still struggle financially? In this episode of "Did I Miss Anything?", we're diving deep into the controversial world of 360 music deals – and trust me, it's crazier than you think!

Record labels used to just take a cut from album sales, but with the rise of streaming, their business model changed. Now, with a 360 deal, they want a piece of everything an artist does:

💿 Music sales & streaming royalties
🎤 Concert tickets & touring income
👕 Merchandise sales
📺 Commercials, movie roles, and endorsement deals
Why do artists sign these? For new artists, these deals offer massive support, marketing power, studio time, and industry connections that can launch a career. It's like getting an entire team to make you a star!

But here's the dark side... and why artists can end up broke:

The "Advance" Trap: That big upfront payment? It's usually a loan that artists have to "recoup" (pay back) from all their earnings before they see any profit.
Hidden Costs: Labels can spend huge amounts on music videos and promotion, and guess who's on the hook for those expenses? The artist! These costs are deducted from their share.
Tiny Streaming Royalties: Even with millions of streams, the actual money generated can be minuscule, and then the label takes their cut.
Loss of Control: Artists might lose creative freedom, with labels dictating everything from song length to social media presence.
Long-Term Contracts: These deals can tie artists down for years, meaning even if they become hugely successful, a big chunk of their income goes to the label for a very long time.
Lack of Transparency: It can be incredibly difficult for artists to track exactly where their money is going and how their share is calculated.
Join us as we break down the complex financial realities and power dynamics behind these all-enencompassing contracts. It's a huge decision for any artist – is it worth giving up freedom and a big chunk of your earnings for a shot at superstardom?

So, after all that... Did I Miss Anything? Let me know your thoughts or if you have a topic you would like for us to review in the comments below!

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