Congratulations must go to Koopa (a 3 piece "rock" group from the UK) who were the first unsigned band to get into the UK charts and then to get signed!
How cool is that!
They got signed to Pied Piper for 5 years and a 4 album deal...worth £128.000.
Erm...what were they thinking?!
Let me get this straight.
1. They have got to number 31 by selling a download track only - no CDs at all, so their fan base must be quite large.
2. To get into the charts, hmmm let me see, at the lowest estimate maybe about 5,000 fans who bought, say at £2...a very low estimate. So that is £10,000 for one song?
3. For four albums they have got signed into a 5 year deal....read again...5 year deal (so no selling on the side you naughty things) with four albums...say again, a low estimate but 7 tracks per CD...35 tracks for the 5 albums.
4. So for £128,000 they make 35 tracks. Now if they carried on what they were doing at our lowest estimates, what would they make?
£350,000...
5. Now that is low compared to the increase in fans all this exposure brings. Also they would be building up a fan base anyway.
Guess what...all that money would have been theirs and theirs alone.
They were already doing gigs etc and how on earth is a UK based record company going to beat the Internet...by going onto the Internet and selling their tracks?
Ohh thats right, that has already been done by the band!!!
Unfortunately this is the mentality that is being shown by alot of music groups.
The record company method is wrong! Why give someone else money when you are in a much better position (artistically as well) when you are by yourselves?
I don't believe we are going to hear the end of this. With more high profile news snippets about unsigned acts going down a signed route.
It is like the media don't have a clue, with the warped mentality that this is the route that bands should be taking.
Have we learnt anything at all?
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