Quote:
Originally Posted by
chrisso
That really only happens if they are fairly certain it's going to be bankable.
Let's be honest.
Sure they invest money in projects that don't return any income, but everything they do is to minimise that happening. Which is why you get the same teams of songwriters (known to be successful) working on most of the top 40.
Money gets spent so many ways. Yeah it’s always in the hopes of being bankable, but they’re swinging and missing most of the time.
Like, a vocalist/songwriter will get a feature on a big dance cut, sign a publishing deal, be flown out to LA to work the circuit for a while, and not get any cuts of significance. Or I’ve had a major label buy beats without an artist in mind or a song written to them yet, just to keep others from having them. That never then get used for a record, they’re just DOA in exchange for money. Or a new artist gets signed, put up in LA to work the circuit for a year, three tracks come out, they only do OK, and the artist gets dropped (As a producer, i end up making five figures out of the artist’s major label budget in this scenario.) Or publishers want to invest in a writing camp in the hopes of a top 10 cut coming out of it, fly all these people to an island or resort, and then don’t get any records of significance that week.
So much of it is a Vegas crapshoot. Social media definitely helps hamper these kinds of losses because it’s a real time market test for anything anyone does. But that’s mainly just in spotting potential. They then have to invest the money, and it’s often a loss. I’ve worked with a few social media stars who’s music went absolutely nowhere after a label or publisher invested in them. Same deal as before, as a producer I walk with money in my pocket in this case, out of their artist’s budget.