Steve Lukather: ...I don’t see any money and have A LOT of stuff out there over 35 years of making records.
Have you done the breakdown on what an artist get PER tune on iTunes? Pitiful.
Now IF you are with a label its even worse cause they take a huge share of that. The breakdown after all is said and done for most it’s pennies.
TOO many people can make records. Period.
No catalog artists are made these days. One hit wonders galore. Sad really.
Now rec. co’s don’t give budgets like the old days when the great records were made cause they cost MONEY!! They want to make money for nothing and own you for life and a piece of EVERYTHING an artist does. You can sell a million and still OWE them!
My 25 year old son has buddies who have platinum records living in a one room studio apt! Broke...
Read Mike Collin full post: http://mikeec.tumblr.com/post/24172050837/steve-lukather-tells-it-like-it-is