Some Record label executives use promises of fame and a luxurious lifestyle to trick naïve talent into signing a contract on the terms that they specify.
One thing big music executives don't want you to know is how they exploit naïve young artists who haven't yet been signed to a record label. To keep the flow of talent and ambitious young individuals constant, top executives perpetually paint an image of the music industry that appeals to the popular culture and influences adolescents to want to be performers one day.
New artists are often too naïve to see that they are merely seen as tools to bring in more income for their newfound record labels. In his article entitled "The Problem With Music", Steve Albini, who is known for producing Nirvana's "In Utero" reveals that every record label on the search for new artists has a high profile agent responsible for providing a comfortable face to win the prospective band or artist over and get a deal memo signed.
Steve describes the dangers of this little memo that big music executives don't want you to know, saying: "The spookiest thing about this harmless sounding little memo, is that it is, for all legal purposes, a binding document. That is, once the band signs it, they are under obligation to conclude a deal with the label. If the label presents them with a contract that the band doesn't want to sign, all the label has to do is wait. There are a hundred other bands willing to sign the exact same contract, so the label is in a position of strength."
The big executives in music are aware of this strength and leverage it in every decision involving their artists, particularly in the area concerning revenue. As Steve broke down the true costs of producing, going on tour, and marketing, he sheds light on the band members' true earnings. He reveals after the example band is ¼ of the way through their hypothetical contract and has made the music industry nearly three million dollars richer, they have sill individually earned approximately one third of what they would have earned had they simply worked at a gas stations.
Examples like this are not uncommon in the music industry, as there are an abundance of aspiring musicians signing away their creative freedom to record labels with big executives that are so concerned with profit and wealth that they exploit those who don't know any better.
This may seem unethical and you may believe that there should be something done to stop this from happening, but stories like these have been circulating the music industry for decades. There are also rumors that the Illuminati has control over the top executives of large record labels, but we'll save that topic for another time.
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