Monday, September 20, 2010

The Word on the Street

Bands selling less than 100K or 150K units are being dropped by independent labels because the labels just can't make any money from them. Plus, contracts are now "all in" -- meaning that the label gets a piece of touring as well as merchandise revenue. Otherwise the labels will just go broke.

It's a cruel cruel world out there.

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My lawyer says we have to protect ourselves: note that we're constantly developing screenplays, we probably have a screenplay like what you suggest in development. Furthermore, if you suggest an idea for a screenplay you're giving us that idea.