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The Chill Spot (We Hit 2 Million Views!)

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Meeks said:
Same here, I was just telling someone my daughter will be homeschooled. I figured that out before she was born.
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Its honestly turning into the only safe option with all the bullshit that goes on these days
 
OhMars said:
He did release it 100% independent and as a physical copy. Sold 22,000 physical copies first week. And he produced majority of the album.
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So then he made waaaay more on streams than physical copies. And if it's his label then there's not many people to pay so he'll see the bulk of that money.

Nitch_Bigga21 said:
you pay for the actual case, paper to print cover art, credits, etc...

all of this is taken into account. The label not gonna eat that cost.

besides, he is killing it on tour, so im sure he is more than fine with his revenue from streaming
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I know all of this. These days even Discmakers is doing runs for less than $1 per unit, and I would imagine that Krit would have prolly ordered 50K or more for an initial run with whoever he has doing the manufacturing on his product so the cost should be around .70-.80 each including tray card cover art/booklet, shrinkwrap, etc. He can then sell it to an indie distributor like Super D, Alliance, or maybe Warner (because he's Big Krit) for around half the retail cost. The label always takes into account for the cost of manufacturing but even then the cost per unit for large runs is so small he still makes out at retail for $10 a pop and what he doesn't sell retail can be sold at the merch table for full retail price at his shows.

Whatever the case, he makes out. My point in my original post was that artists don't see as much money as you would imagine when you stream their music.
 
konceptjones said:
We've been homeschooling our kids for about 8 years now. Every time there's a shooting or some other fuckery going down we're glad we did it.
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Homeschooling seems weird to me...but considering these schools shootings that keep happening...it makes sense.

Good job man
 
IP360 said:
Homeschooling seems weird to me...but considering these schools shootings that keep happening...it makes sense.

Good job man
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My uncle homeschooled 8 of his 9 kids. Only the oldest went to public schools and that's only because she's from his first wife. The rest of the kids were in public schools and at some point back in the 90's he pulled 'em all out and homeschooled them.
 
konceptjones said:
So then he made waaaay more on streams than physical copies. And if it's his label then there's not many people to pay so he'll see the bulk of that money.



I know all of this. These days even Discmakers is doing runs for less than $1 per unit, and I would imagine that Krit would have prolly ordered 50K or more for an initial run with whoever he has doing the manufacturing on his product so the cost should be around .70-.80 each including tray card cover art/booklet, shrinkwrap, etc. He can then sell it to an indie distributor like Super D, Alliance, or maybe Warner (because he's Big Krit) for around half the retail cost. The label always takes into account for the cost of manufacturing but even then the cost per unit for large runs is so small he still makes out at retail for $10 a pop and what he doesn't sell retail can be sold at the merch table for full retail price at his shows.

Whatever the case, he makes out. My point in my original post was that artists don't see as much money as you would imagine when you stream their music.
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i still disagree b/c they dont have as much to recoup as they did with physical discs being the primary medium of consuming music

TLC told everybody years ago...

and they sold 10M

 
Nitch_Bigga21 said:
i still disagree b/c they dont have as much to recoup as they did with physical discs being the primary medium of consuming music

TLC told everybody years ago...

and they sold 10M

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TLC was also on a major record label. Artists on majors never get paid as much on an indie because the label has to recoup every dime of your advance money plus your percentage of it all is miniscule compared to an indie label. The label will nickel and dime you out of everything and that's what Left Eye was talking about. If the label spends $1M to release that album, they gotta make back $1M before you see one penny in royalties PLUS if you give up your publishing (if you were even entitled to it anyways) then you'll never see the long money. I posted this up on the IC about what Sir Mix A Lot had to say about publishing and recouping your advance money for the label:



In the case of TLC, they relied on songwriters (except Left Eye) and didn't produce any of their own music so they wouldn't see a dime of publishing anyways (again, Left Eye would have been the only one that could have collected a share of the publishing).

In an article in either The Source or Rappages, Poohman talked about his album "Judgement Day" and the switch from Jive/RCA with Dangerous to Paris' indie label Scarface Records and the difference between selling 100K-150K copies there versus going gold or platinum on a major. On Scarface he stated they could sell 150K and bank over $500K off of it with only $50K in actual costs. At the time, me and my boy were trying to get our own label off the ground and I was the one running the numbers... constantly. In 1993 that was factually accurate and the cost of manufacturing is far less today than it was back then. Shit, the cost for CD's to day is cheaper than cassettes in the 90's so you gettin' more money across the board.

Thank you internets... Someone actually scanned that lil article:

2123045224_bdf88a4a99_b.jpg


It's at the very end of it. Last paragraph is where he talks money.
 
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