tag:blogger.com,1999:blog-1930103.post2270844751833450727..comments2024-03-28T09:33:26.444+00:00Comments on No Rock And Roll Fun: Major label holds out the begging bowlSimon Hayes Budgenhttp://www.blogger.com/profile/07084524317888577404noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1930103.post-71545939520727912272010-04-24T10:22:26.185+00:002010-04-24T10:22:26.185+00:00They have probably given the artist a huge advance...They have probably given the artist a huge advance that is deductible against tax, but have no faith in the finished product. Majors have always done this - they have an A&R budget that must be spent, but that's tax deductible so they sign artists that they know will never have hits or even see the light of day, throw money at them one way or another and then cheat the taxman at the end of the fiscal year.<br /><br />I guess in this day and age A&R budgets are a little smaller than they used to be. The never-to.be-recouped advance is gone and there's nothing left in the kitty to install him in some ridiculously over-priced recording studio.H.http://theouthousers.comnoreply@blogger.com