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This Week In Music: Sony Music Steps Up For Its Older Artists, Cancels Unrecouped Debts

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deadline.com

One of the oldest and saddest stories in the recorded music business has always been the naivete of artists who, eager for fame, jump to sign contracts without thinking of future ramifications.True horror stories of songs sold for a bottle of wine or a used Cadillac aren’t the rule anymore.

But other stories abound of contracts that front-load massive debt and lock in artists for one-sided agreements, resulting in popular artists never seeing anything beyond the advance, a sum which is always cannibalized by the nibbles of a thousand pecks.It’s why you see some artists out on the road even as their health deteriorates.

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