13 Burst results for "Millions Of Nickel"
WBBM Newsradio
"millions nickel" Discussed on WBBM Newsradio
"Well, tax seasons here folks and you know hi there. Wow, where'd you come from? April here to tell you about the tax filing software from tax act. Seriously, were you like hiding behind my desk? Seriously. Tax act makes it easy to get your maximum refund. Well, you heard it here first, folks. Switch to tax act today and you can start for free. Or as we say at radio ads. Subtle. Tax act filed for less and get more. See tax act dot com for details. This is the smell of the leftover tuna fish sandwich you left in your lunch box over the weekend in a wimpy trash bag. And this is the smell of that same sandwich in a hefty ultra strong trash bag. Smell the difference Hefty ultra strong has Armin hammer with continuous odor control. So no matter what's inside your trash. You can stay one step ahead of stinky and for bigger jobs try the superior strength of hefty large black backs. It's ten 23, time now for business news. JPMorgan Chase thought it was getting bags full of nickel, but what it got wasn't worth a plug nickel. I'm Jeff Calvin of fortune magazine with the fortune business update. Nickel is a commodity traded on the London metal exchange, and it's more valuable than you might think. It's a key component in the lithium ion batteries used to power electric cars, meaning demand is likely to rock it as the EV boom continues. The exchange recently discovered that several shipments of nickel in one of its warehouses didn't contain nickel at all. They were just bags of rocks and the unlucky owner was America's largest bank JPMorgan Chase. Turns out this isn't unheard of just last month, a commodity trading firm said it could lose over half a $1 billion after discovering that nickel shipments it bought. Instead contained less valuable materials. In case you're wondering, a ton of actual nickel costs about half a million nickels. I'm Jeff colvin. A popular literary festival is once again happening downstate. The 14th annual little grassy literary festival at southern Illinois university in Carbondale returns early next month on a virtual format feature in a variety of renowned
Progressive Talk 1350 AM
"millions nickel" Discussed on Progressive Talk 1350 AM
"Let's get back to tech stuff. Alright. So year after year, the music industry was facing huge cutbacks due to flagging revenues. And it's hard to feel much sympathy if I'm being really honest because the industry was also known for Not just big, insanely profitable for many years, but also for a rather hedonistic approach to business. There are legendary stories about parties and drug use and lavish offices for record label executives and crazy bonuses that they enjoyed mostly at the expense of the musicians who were creating the stuff the record labels were selling. And there were some artists who likewise enjoyed comparable lifestyles. But for every Madonna, you had hundreds of artists who are making maybe a decent living. But they were not not getting rich or some people who weren't even able to get by even as being assigned artist with the record label. So generally speaking, artists weren't being paid anything until an album published And then they would get some money and in order to make serious money to really make back enough money to justify the amount of time you spent recording the album, the album sales had to do really, really well. Then the artist would get royalties which are percentage of each sale, And I think I need to give you a quick word on how royalties typically work. So you understand. How this model tends to work in the entertainment business. So in the negotiation phase, an artist and label or a publisher come to an agreement, and that agreement typically includes a guaranteed payment on delivery or publication of content. So in this case we're talking about The an album dropping, so the artist comes up to the record label, and they say, all right when the album drops, the record label is going to pay the artist $50,000. That's a decent chunk of change. 50 grand is that's nothing to sneeze at. But it's not going to make anyone rich, right? It's not going to make them shop for a brand new house in Beverly Hills or anything now, along with that negotiation. Is the royalty rate. So let's just say, for the purposes of an example that the rate is five cents per copies sold. Now. Does that mean when the first copy of the album is purchased that the artist gets a shiny new nickel? No, because the nickel typically actually goes to pay off the $50,000 that the publisher initially paid the artist. So in other words, you have to pay off that $50,000 guaranteed payment before you start accumulating royalties after that, and there are one million nickels and $50,000 so the record label would need to sell a million copies of the album. Before the artist would start to see any money in royalties. And then from that point forward, they would get a nickel off of every sale. So if an album does really, really well and still sells millions and millions of copies, and artists can make some serious cash through royalties, and as long as the album is in print, the potential to earn those royalties continues as long as the album is still available to purchase as new Then you could still be making money off a classic album or re master years after you first publish it, depending upon the contract negotiations he went through before. But if the album only receives modest sales, then the artists won't get any royalties at all. Like if they don't sell a million copies, they never pay off that 50 grand. However, they also don't have to pay back the difference. To the publisher. It's not like Oh, well, we only sold $30,000 worth of the album. If we look at your royalty rate, you don't have to return 20 Grant you keep the 50,000. After CD sales started to decline in 2000, the record label companies began to face some pretty harsh realities. Things got worse year after a year they had to start laying off employees. It was a very drastic change from the days where it looked like there was no end in sight. To all the parties and all the drugs and all the bad behaviors. Um, I never occupied that world, so I don't know if all of that behavior stopped for once. Things started getting more real for the record labels or if they just kept doing it in the hopes that maybe that would help ease the pain. I wasn't there, so I don't know. But the years from 2000 to 2010 were really, really rough on the industry in general, now in 2000 and eight, the streaming service Spotify launched and it would become one of the most important Players in the streaming game at the time, it wasn't seen as the savior of the music industry. But things have changed since then. The streaming model pays record labels a royalty fee per stream as typically a fraction of a fraction of a penny per stream. So let's say a A play of a recording is a stream now, according to a survey by digital Music News in 2018, the royalty rate range from $20180.397. That would be on Spotify $2.783 on Apple music, And it's not a one size fits all rate record labels could negotiate those rates on behalf of artists and influential artists sometimes have the clout to demand that their work remains off the server services entirely. If they think the royalty rates are too low. Lots of artists have done this Adele, for example, Um, they've said, no, I'm not going to allow my music to be on those services because The royalty fee they're paying is far too low. A lot of artists, however, don't have that clout and they don't really have any option. But what became really clear later on was that These tiny fractions of a penny really do add up when you start looking at them collectively, and the big reason for that is it's not a one time occurrence per customer. So the profit margins on CDs were great, and the royalties were more profitable per sale at first glance, But when you go out to buy a CD as a customer, you buy it. Just the one time you weren't going to go buy a new copy of the same CD every time you want to listen to the CD. Just listen to the one you've got, so CD sales had a natural curve to them. It would peak often right around release or if a single from the album got a lot of radio play. And then sales would drop off gradually. But with streaming a payment goes through with every stream, So every time a person listens to the same song, it triggers a payment. A royalty payment. So if you put a song on repeat, let's say that you've got a song that you particularly like, and it's just stuck in your head and you gotta you gotta listen to it like 20 times in a row. This happens to me all the time. Well, that's actually 20 royalty payments that end up going to that record label into that artist. A portion of it goes to the artist. So while the initial Amount is less than what you would get with the CD sale. You do it way more frequently, because it's every.
Progressive Talk 1350 AM
"millions nickel" Discussed on Progressive Talk 1350 AM
"A year after year, the music industry was facing huge cutbacks due to flagging revenues. And it's hard to feel much sympathy if I'm being really honest because the industry was also known for Not just being insanely profitable for many years, but also for a rather heated mystic approach to business, their legendary stories about parties and drug use and lavish offices for record label executives and crazy bonuses that they enjoyed mostly at the expense of the musicians who are creating the stuff the record labels were selling. And there were some artists who likewise enjoyed comparable lifestyles. But for every Madonna, you had hundreds of artists who are making maybe a decent living. But they were not not getting rich or some people who weren't even able to get by even as being assigned artist with a record label. So generally speaking, artists weren't being paid anything until an album published And then they would get some money and in order to make serious money to really make back enough money to justify the amount of time you spent recording the album, the album sales had to do really, really well. Then the artist would get royalties, which are a percentage of each sale, And I think I need to give you a quick word on how royalties typically works. You understand? How this model tends tol work in the entertainment business. So in the negotiation phase, and artists and a label or a publisher come to an agreement, and that agreement typically includes a guaranteed payment on delivery or publication of content. So in this case we're talking about The analgesic dropping, so the artist comes up to the record label, and they say, all right when the album drops the record labels going to pay the artist $50,000. That's a decent chunk of change. 50 grand. That's nothing to sneeze at. But it's not gonna make anyone rich, right. It's not gonna make them shot for a brand new house in Beverly Hills or anything now, along with that negotiation. Is the royalty rate. So let's just say, for the purposes of an example that the rate is five cents per copy sold. Now. Does that mean when the first copy of the album is purchased that the artist gets a shiny new nickel? No, because the nickel typically actually goes to pay off the $50,000 that the publisher initially paid the artist. So, in other words, you have to pay off that $50,000 guaranteed payment before you start accumulating royalties after that, and there are one million nickels and $50,000 so the record label would need to sell a million copies of the album before the artist would start to see any money in royalties. And then from that point forward, they would get a nickel off of every sale. So if an album does really, really well and still sells millions and millions of copies, and artists can make some serious cash through royalties, And as long as the album is in print, the potential to earn those royalties continues, you know, as long as the album is still available to purchase as new Then you could still be making money off a classic album or re master years after you first publish it, depending upon the contract negotiations he went through before. But if the album only receives modest sales, then the artist won't get any royalties at all. Like if they don't sell a million copies, they never pay off that 50 grand. However, they also don't have to pay back the difference. The publisher. It's not like Oh, well, we only sold $30,000 worth of the album. If we look at your royalty rate, you don't have to return 20 grand. You keep the 50,000. After CD sales started to decline in 2000, the record label companies began to face some pretty harsh realities. Things got worse year after year, they had to start laying off employees. It was a very drastic change from the days where and looked like there was no end in sight. To all the parties and all the drugs and all the bad behaviors. I never occupied that worlds. I don't know if all of that behavior stopped once. Things started getting more real for the record labels or if they just kept doing it in the hopes that maybe that would help ease the pain. I wasn't there, so I don't know. But the years from 2000 and 2010 were really, really rough on the industry in general, now in 2008, the streaming service Spotify launched and it would become one of the most important Players in the streaming game that the time it wasn't seen as the savior of the music industry. But things have changed since then. The streaming model pays record labels a royalty fee per stream as typically a fraction of a fraction of a penny per stream. So let's say a A play of a recording is a stream now, according to a survey by digital Music News and 2018. The royalty rate range from $20180.397. Would be on Spotify $2.783 on Apple music, and it's not a one size fits all rate record labels could negotiate those rates on behalf of artists and influential artist sometimes have the clout to demand that their work remain off the server services entirely If they think the royalty rates are too low, Lots of artists have done this Adele, for example. They've said no. I'm not going to allow my music to be on those services because the royalty fee they're paying is far too low. Ah, lot of artists, however, don't have that cloud. They don't really have any option. What became really clear later on was that these tiny fractions of a penny really do add up when you start looking at them collectively, and the big reason for that is it's not a one time occurrence per customer. So the profit margins on CDs were great. The royalties were more profitable per sale at first glance, but when you go out to buy a CD as a customer, you buy it. Just the one time you're not gonna go buy a new copy of the same CD every time you want to listen to the CD. Just listen to the one you've got, so CD sales had a natural curve to them. It would peak often right around release or if a single from the album got a lot of radio play, and then sales would drop off gradually. But with streaming a payment goes through with every stream, So every time a person listens to the same song, it triggers a payment. A royalty payment. So if you put a song on repeat, let's say that you got a song that you particularly like, and it's just stuck in your head. You gotta You gotta listen to it like 20 times and rode. This happens to me all the time. That's actually 20 royalty payments. They end up going to that record label into that artist. A portion of it goes to the artist. So while the initial Amount is less than what you would get with a CD sale. You do it way more frequently, because it's every time you.
Progressive Talk 1350 AM
"millions nickel" Discussed on Progressive Talk 1350 AM
"The music industry was facing huge cutbacks due to flagging revenues. And it's hard to feel much sympathy if I'm being really honest because the industry was also known for Not just being insanely profitable for many years, but also for a rather heated mystic approach to business, their legendary stories about parties and drug use and lavish offices for record label executives and crazy bonuses that they enjoyed mostly at the expense of the musicians who are creating the stuff the record labels were selling. And there were some artists who likewise enjoyed comparable lifestyles. But for every Madonna, you had hundreds of artists who are making maybe a decent living. But they were not not getting rich or some people who weren't even able to get by even as being assigned artist with a record label. So generally speaking, artists weren't being paid anything until an album published And then they would get some money and in order to make serious money to really make back enough money to justify the amount of time you spent recording the album, the album sales had to do really, really well. Then the artist would get royalties, which are a percentage of each sale, And I think I need to give you a quick word on how royalties typically work. So you understand. How this model tends tol work in the entertainment business. So in the negotiation phase, and artists and a label or a publisher come to an agreement, and that agreement typically includes a guaranteed payment on delivery or publication of content. So in this case we're talking about The analogy, um, dropping, so the artist comes up to the record label, and they say, all right, when the album drops the record labels going to pay the artist $50,000. That's a decent chunk of change. 50 grand. That's nothing to sneeze at. But it's not gonna make anyone rich, right. It's not gonna make them shot for a brand new house in Beverly Hills or anything now, along with that negotiation. Is the royalty rate. So let's just say, for the purposes of an example that the rate is five cents per copy sold. Now. Does that mean when the first copy of the album is purchased that the artist gets a shiny new nickel? No, because the nickel typically actually goes to pay off the $50,000 that the publisher initially paid the artist. So, in other words, you have to pay off that $50,000 guaranteed payment before you start accumulating royalties after that, and there are one million nickels and $50,000 so the record label would need to sell a million copies of the album before the artist would start to see any money in royalties. And then from that point forward, they would get a nickel off of every sale. So if an album does really, really well and stills sells millions and millions of copies, and artists can make some serious cash through royalties, and as long as the album is in print. Potential to earn those royalties continues, You know, as long as the album is still available to purchase as new than you could still be making money off a classic album or re master Years after you first publish it, depending upon the contract negotiations he went through before, But the album only receives modest sales. Then the artist won't get any royalties at all, like if they don't sell a million copies. They never pay off that 50 grand. However, they also don't have to pay back the difference to the publisher. It's not like Oh, well, we only sold $30,000 worth of the album. If we look at your royalty rate, you don't have to return 20 Grant you keep the 50,000. After CD sales started to decline in 2000, the record label companies began to face some pretty harsh realities. Things got worse year after year, they had to start laying off employees. It was a very drastic change from the days where it looked like there was no end in sight. To all the parties and all the drugs and all the bad behaviors. I never occupied that world, so I don't know if all of that behavior stopped once. Things started getting more real for the record labels or if they just kept doing it in the hopes that maybe that would help ease the pain. I wasn't there, so I don't know. But the years from 2000 and 2010 were really, really rough on the industry in general, now in 2008, the streaming service Spotify launched and it would become one of the most important Players in the streaming game that the time it wasn't seen as the savior of the music industry. But things have changed since then. The streaming model pays record labels a royalty fee per stream as typically a fraction of a fraction of a penny. Purse dream. So let's say a A play of a recording is a stream now, according to a survey by digital Music News and 2018. The royalty rate range from $20180.397. Would be on Spotify $2.783 on Apple music, and it's not a one size fits all rate record labels could negotiate those rates on behalf of artists and influential artist sometimes have the clout to demand that their work remain off the server services entirely. If they think the royalty rates are too low. Lots of artists have done this Adele, for example, Um, they've said, no, I'm not going to allow my music to be on those services because The royalty fee they're paying is far too low. Ah, lot of artists, however, don't have that cloud and they don't really have any option. But what became really clear later on was that These tiny fractions of a penny really do add up when you start looking at them collectively, and the big reason for that is it's not a one time occurrence per customer. So the profit margins on CDs were great. The royalties were more profitable per sale at first glance, but when you go out to buy a CD as a customer, you buy it. Just the one time you wanted gonna go buy a new copy of the same CD every time you want to listen to the CD. Just listen to the one you've got, so CD sales had a natural curve to them. It would peak often right around release or if a single from the album got a lot of radio play, and then sales would drop off gradually. But with streaming a payment goes through with every stream, So every time a person listens to the same song, it triggers a payment. A royalty payment. So if you put a song on repeat, let's say that you got a song that you particularly like, and it's just stuck in your head. You gotta You gotta listen to it like 20 times in a row. This happens to me all the time. Well, that's actually 20 royalty payments. They end up going to that record label into that artist. A portion of it goes to the artist. So while the initial Amount is less than what you would get with a CD sale. You do it way more frequently, because it's every time you.
Progressive Talk 1350 AM
"millions nickel" Discussed on Progressive Talk 1350 AM
"Here's an I Heart Radio podcast preview. In April. 2016, the wife of a rural Georgia police officer, is found inside a locked closet. Two shots have been fired from her husband's service weapon, her head resting on a pillow, the victim of an apparent gunshot wound. What really happened inside that closet, And in the hours and minutes before the shots rang out. People do things that don't make sense when under stress and under dynamic situations. They're crumbling marriage was no secret for the high school sweethearts were ready to call it quits. But was Jessica pointing at the point of no return? Nothing in my mind said that she was suicidal in my mind. I knew she was upset and dealing with maybe some minute depression. But who wouldn't when your husband's cheating on you that would hurt anybody. What about the gunshots? Heard hours before her husband reported hearing shots just laid down on the first shot went off. My fiance was like I'm a gunshot. What about the physical evidence Her hands were pristine and clean. There was no gunshot residue way found on her. Authorities may say that the investigation was complete the road exhaustive and it's led to you. This finding I disagree with that, and many others do as well. I really believed that we would get justice way haven't way happen. The officer's wife, a new podcast from vault studios, listen and follow this podcast for free on the I Heart radio app number one for music, radio and podcasts, all in one All the best podcasts always free. This is just one of over 25,000 podcasts available on the I heart radio app. Let's get back to text up. Writes. A year after year, the music industry was facing huge cutbacks due to flagging revenues. And it's hard to feel much sympathy if I'm being really honest, because the industry was also known for not just being insanely profitable for many years, but also for a rather heated mystic approach to business. Their legendary stories. About parties and drug use and lavish offices for record label executives and crazy bonuses that they enjoyed mostly at the expense of the musicians who are creating. Labels were selling, and there were some artists who likewise enjoyed comparable lifestyles. But for every Madonna, you had hundreds of artists who are making maybe a decent living. But they were not not getting rich or some people who weren't even able to get by even as being assigned artist with a record label. So generally speaking, artists weren't being paid anything until an album published And then they would get some money and in order to make serious money to really make back enough money to justify the amount of time you spent recording the album, the album sales had to do really, really well. Then the artist would get royalties, which are a percentage of each sale, And I think I need to give you a quick word on how royalties typically work. So you understand. How this model tends tol work in the entertainment business. So in the negotiation phase, and artists and a label or a publisher come to an agreement, and that agreement typically includes a guaranteed payment on delivery or publication of content. So in this case we're talking about The analgesic dropping, so the artist comes up to the record label, and they say, all right when the album drops the record labels going to pay the artist $50,000. That's a decent chunk of change. 50 grand. That's nothing to sneeze at. But it's not gonna make anyone rich, right. It's not gonna make them shot for a brand new house in Beverly Hills or anything now, along with that negotiation. Is the royalty rate. So let's just say, for the purposes of an example that the rate is five cents per copy sold. Now. Does that mean when the first copy of the album is purchased that the artist gets a shiny new nickel? No, because the nickel typically actually goes to pay off the $50,000 that the publisher initially paid the artist. So, in other words, you have to pay off that $50,000 guaranteed payment before you start accumulating royalties after that, and there are one million nickels and $50,000 so the record label would need to sell a million copies of the album before the artist would start to see any money in royalties. And then from that point forward, they would get a nickel off of every sale. So if an album does really, really well and still sells millions and millions of copies, and artists can make some serious cash through royalties, And as long as the album is in print, the potential to earn those royalties continues, you know, as long as the album is still available to purchase as new Then you could still be making money off a classic album or re master years after you first publish it, depending upon the contract negotiations he went through before. But if the album only receives modest sales, then the artist won't get any royalties at all. Like if they don't sell a million copies, they never pay off that 50 grand. However, they also don't have to pay back the difference. To the publisher. It's not like Oh, well, we only sold $30,000 worth of the album. If we look at your royalty rate, you don't have to return 20 grand. You keep the 50,000. After CD sales started to decline in 2000, the record label companies began to face some pretty harsh realities. Things got worse year after year, they had to start laying off employees. It was a very drastic change from the days where and looked like there was no end in sight. To all the parties and all the drugs and all the bad behaviors. I never occupied that worlds. I don't know if all of that behavior stopped once. Things started getting more real for the record labels or if they just kept doing it in the hopes that maybe that would help ease the pain. I wasn't there, so I don't know..
Progressive Talk 1350 AM
"millions nickel" Discussed on Progressive Talk 1350 AM
"Industry was facing huge cutbacks due to flagging revenues. And it's hard to feel much sympathy if I'm being really honest because the industry was also known for Not just being insanely profitable for many years, but also for a rather heated mystic approach to business, their legendary stories about parties and drug use and lavish offices for record label executives and crazy bonuses that they enjoyed mostly at the expense of the musicians who are creating the stuff the record labels were selling. And there were some artists who likewise enjoyed comparable lifestyles. But for every Madonna, you had hundreds of artists who are making maybe a decent living. But they were not not getting rich or some people who weren't even able to get by even as being assigned artist with a record label. So generally speaking, artists weren't being paid anything until an album published And then they would get some money and in order to make serious money to really make back enough money to justify the amount of time you spent recording the album, the album sales had to do really, really well. Then the artist would get royalties, which are a percentage of each sale, And I think I need to give you a quick word on how royalties typically works. You understand? How this model tends tol work in the entertainment business. So in the negotiation phase, and artists and a label or a publisher come to an agreement, and that agreement typically includes a guaranteed payment on delivery or publication of content. So in this case we're talking about The analgesic dropping, so the artist comes up to the record label, and they say, all right when the album drops the record labels going to pay the artist $50,000. That's a decent chunk of change. 50 grand. That's nothing to sneeze at. But it's not gonna make anyone rich, right. It's not gonna make them shot for a brand new house in Beverly Hills or anything now, along with that negotiation. Is the royalty rate. So let's just say, for the purposes of an example that the rate is five cents per copy sold. Now. Does that mean when the first copy of the album is purchased that the artist gets a shiny new nickel? No, because the nickel typically actually goes to pay off the $50,000 that the publisher initially paid the artist. So in other words, you have to pay off that $50,000 guaranteed payment before you start accumulating royalties after that, and there are one million nickels and $50,000 so the record label would need to sell a million copies of the album. Before the artist would start to see any money in royalties. And then from that point forward, they would get a nickel off of every sale. So if an album does really, really well and stills sells millions and millions of copies, and artists can make some serious cash through royalties, And as long as the album is in print, the potential to earn those royalties continues, you know, as long as the album is still available to purchase as new Then you could still be making money off a classic album or re master years after you first publish it, depending upon the contract negotiations he went through before. But if the album only receives modest sales, then the artist won't get any royalties at all. Like if they don't sell a million copies, they never pay off that 50 grand. However, they also don't have to pay back the difference. The publisher. It's not like Oh, well, we only sold $30,000 worth of the album. If we look at your royalty rate, you don't have to return 20 grand. You keep the 50,000. After CD sales started to decline in 2000, the record label companies began to face some pretty harsh realities. Things got worse year after year, they had to start laying off employees. It was a very drastic change from the days where it looked like there was no end in sight. To all the parties and all the drugs and all the bad behaviors. I never occupied that worlds. I don't know if all of that behavior stopped once. Things started getting more real for the record labels or if they just kept doing it in the hopes that maybe that would help ease the pain. I wasn't there, so I don't know. But the years from 2000 and 2010 were really, really rough on the industry in general, now in 2008, the streaming service Spotify launched and it would become one of the most important Players in the streaming game that the time it wasn't seen as the savior of the music industry. But things have changed since then. The streaming model pays record labels a royalty fee per stream as typically a fraction of a fraction of a penny. Purse dream. So let's say a A play of a recording is a stream now, according to a survey by digital Music News and 2018. The royalty rate range from $20180.397. Would be on Spotify $2.783 on Apple music, and it's not a one size fits all rate record labels could negotiate those rates on behalf of artists and influential artist sometimes have the clout to demand that their work remain off the server services entirely. If they think the royalty rates are too low. Lots of artists have done this Adele, for example, Um, they've said, no, I'm not going to allow my music to be on those services because The royalty fee they're paying is far too low. A lot of artists, however, don't have that cloud and they don't really have any option. But what became really clear later on was that These tiny fractions of a penny really do add up when you start looking at them collectively, and the big reason for that is it's not a one time occurrence per customer. So the profit margins on CDs were great. And the royalties were more profitable Per sale. At first glance, But when you go out to buy a CD as a customer, you buy it. Just the one time you weren't gonna go buy a new copy of the same CD. Every time you want to listen to the CD, you just listen to the one you've got. So CD sales had a natural curve to them. It would peak often right around release or if a single from the album got a lot of radio play, and then sales would drop off gradually. But with streaming a payment goes through with every stream, So every time a person listens to the same song, it triggers a payment. A royalty payment. So if you put a song on repeat, let's say that you got a song that you particularly like, and it's just stuck in your head. You gotta You gotta listen to it like 20 times and rode. This happens to me all the time. Well, that's actually 20 royalty payments. They end up going to that record label into that artist. A portion of it goes to the artist. So while the initial Amount is less than what you would get with a CD sale. You do it way more frequently, because it's every time you.
710 WOR
"millions nickel" Discussed on 710 WOR
"O R O Michael, You never know what's gonna touch a nerve. Here It is six in the morning, and I'm getting a batch of emails about people in their remembrances of the automat. We did a story a while ago, the automatics coming back to Jersey City. And for those who don't know, I mean, our young listeners have no idea we're talking about you Go into this. There was no. You know, there were no waitresses. You just sat at the table. You went up at a slot and you threw in a couple of nickels and got a hot cocoa or or, you know, macaroni and cheese And that that was your That was your lunch at the automat. So anyway, this, uh On. I was talking about how I remember the lady who would dish out the change. But she had a million nickels and dimes sitting in front of her. So listen there. Doug set me and I was talking about how, um You know, people wouldn't leave their tables and that's I think what killed off the automat? Eventually, people just go in there and sit forever. Um, so anyway, Doug e mails and says his father told him that the cashier's would give you 85 cents of nickels for a dollar Bill. Ah ha! They were still articles, those cashiers. I wondered about them and then, he said. If they wanted you to leave. Ah worker would wipe the table of the cloth dipped in ammonia. Oh, yeah, right. That's right. So that'll do it. I remember. Yeah, I remember. I remember the horny and harder there on 42nd Street did often smell of pneumonia. When you would go in, not it's pneumonia. The ammonia which is what you take two will ward off. Cove it Yes. Yeah. What we do shine Clorox up your But why did you want this song again? 525,600 minutes $525,000 So So why? Why did you want that from right Because I mean, it's hard to believe. But 25 years ago this week, Rent played its first performance off Broadway at the New York Theater Workshop. And, you know, the sad thing is, I tell, I think quite movingly and some of my best right.
710 WOR
"millions nickel" Discussed on 710 WOR
"And Michael Riedel on 7 10, WR. Well, here's the blast from the past now actually lend, you know I'm kind of old enough. I remember. The last of the autumn mats when I was working for the daily News that the old daily News building on 40 seconds across the street, absolutely heard Avenue and goes right across there. 42nd Street. Right, Uh, horn and harder. Wasn't that the automatic it hard it born and harder way We used to call it harder and harder actually back in the story, And, you know, the cleverness of Daily news newspaper. Guys knows no bounds. I'm just trying to get Natalie the chime in somehow, somewhere almost has no interest. No way. She's writing down the time because she's calling HR. And I see her writing the time down right now, anyway, horny and harder was the famous automatics that was there for years. And, of course, the automat has been gone. I think the last one right there on 42nd Street ended up in the early nineties when I was down there, but in Jersey City They're bringing back the automat. I mean, you're listed as a kid. Lend us one of the automat all the time. What was it like? I love the automat. In fact, it was either macaroni and cheese. That was always good and also hot chocolate. But I was fascinated. I was there was always a large woman. I don't know why I was like a matron, You know, in a movie theater sitting up at the change desk. And in front of her. She had, like a million nickels and a zillion dimes. And I found that fascinating to watch her like issuing changed it so people could walk over and get their hot chocolate for a nickel or a dime or whatever was my dad would have lunch virtually daughter about every day. And I think automatic. I'm on my dad saying that the automatic closed down because people would just go in there and sit there. You know, it wasn't like anyone would chase you out. So you go in there and people who smoke cigarettes in there, you know, because you were allowed to and then we just sit all day sitting there smoking and they would never, and so they'd never leave the tables and that kind of cut into the profit margin for the For the automat. Remember, you would go and it was you could get like a chicken pot pie or whatever you wanted mashed potatoes or something. Did you ever go back and she's a hot chocolate? Those were the two of you go to the horny and harder. No, no, I've never been there. You never went doing a lot of Madden your entire well, he's he's been there, but he's never gotten with automatic. That's what he's saying. But remember, like this little But they were like little safety deposit boxes. Remember, you could open him up on deck. Chicken pot pie would be in the walls of the figures. He never knew how long the food was there. But now this'll guy named Bob Bay Dale in Jersey City says This is gonna be fresh food. We tried. Make sure that the food is freshly made.
Progressive Talk 1350 AM
"millions nickel" Discussed on Progressive Talk 1350 AM
"So year after year, the music industry was facing huge cutbacks due to flagging revenues. And it's hard to feel much sympathy if I'm being really honest because the industry was also known for Not just being insanely profitable for many years, but also for a rather heated mystic approach to business, their legendary stories about parties and drug use and lavish offices for record label executives and crazy bonuses that they enjoyed mostly at the expense of the musicians who are creating the stuff the record labels were selling. And there were some artists who likewise enjoyed comparable lifestyles. But for every Madonna, you had hundreds of artists who are making maybe a decent living. But they were not not getting rich or some people who weren't even able to get by even as being assigned artist with a record label. So generally speaking, artists weren't being paid anything until an album published And then they would get some money and in order to make serious money to really make back enough money to justify the amount of time you spent recording the album, the album sales had to do really, really well. Then the artist would get royalties, which are a percentage of each sale, And I think I need to give you a quick word on how royalties typically works. You understand? How this model tends tol work in the entertainment business. So in the negotiation phase, and artists and a label or a publisher come to an agreement, and that agreement typically includes a guaranteed payment on delivery or publication of content. So in this case we're talking about The analgesic dropping, so the artist comes up to the record label, and they say, all right when the album drops the record labels going to pay the artist $50,000. That's a decent chunk of change 50 grand, and that's nothing to sneeze at. But it's not gonna make anyone rich, right. It's not gonna make them shot for a brand new house in Beverly Hills or anything. Now, along with that negotiation is the royalty rate. So let's just say, for the purposes of an example that the rate is five cents per copy sold. Now. Does that mean when the first copy of the album is purchased that the artist gets a shiny new nickel? No, because the nickel typically actually goes to pay off the $50,000 that the publisher initially paid the artist. So, in other words, you have to pay off that $50,000 guaranteed payment before you start accumulating royalties after that, and there are one million nickels and $50,000 so the record label would need to sell a million copies of the album before the artist would start to see any money in royalties. And then from that point forward, they would get a nickel off of every sale. So if an album does really, really well and stills sells millions and millions of copies, and artists can make some serious cash through royalties, And as long as the album is in print, the potential to earn those royalties continues, you know, as long as the album is still available to purchase as new Then you could still be making money off a classic album or re master years after you first publish it, depending upon the contract negotiations he went through before. But the the album only receives modest sales. Then the artist won't get any royalties at all. Like if they don't sell a million copies. They never pay off that 50 grand. However, they also don't have to pay back the difference. To the publisher. It's not like Oh, well, we only sold $30,000 worth of the album. If we look at your royalty rate, you don't have to return 20 Grant you keep the 50,000. After CD sales started to decline in 2000, the record label companies began to face some pretty harsh realities. Things got worse year after year, they had to start laying off employees. It was a very drastic change from the days where and looked like there was no end in sight. To all the parties and all the drugs and all the bad behaviors. I never occupied that worlds. I don't know if all of that behavior stopped once. Things started getting more real for the record labels or if they just kept doing it in the hopes that maybe that would help ease the pain. I wasn't there, so I don't know. But the years from 2000 and 2010 were really, really rough on the industry in general, now in 2008, the streaming service Spotify launched and it would become one of the most important Players in the streaming game that the time it wasn't seen as the savior of the music industry. But things have changed since then. The streaming model pays record labels a royalty fee per stream, and it's typically a fraction of a fraction of a penny per stream. So let's say a A play of a recording is a stream now, according to a survey by digital Music News and 2018. The royalty rate range from $20180.397. Would be on Spotify $2.783 on Apple music, and it's not a one size fits all rate record labels could negotiate those rates on behalf of artists and influential artist sometimes have the clout to demand that their work remain off the server services entirely. If they think the royalty rates are too low. Lots of artists have done this Adele, for example, Um, they've said, no, I'm not going to allow my music to be on those services because The royalty fee they're paying is far too low. Ah, lot of artists, however, don't have that cloud and they don't really have any option. But what became really clear later on was that These tiny fractions of a penny really do add up when you start looking at them collectively, and the big reason for that is it's not a one time occurrence per customer. So the profit margins on CDs were great and the royalties were more profitable per sale at first glance, But when you go out to buy a CD as a customer, you buy it. Just the one time you're not gonna go buy a new copy of the same CD every time you want to listen to the CD. Just listen to the one you've got, so CD sales had a natural curve to them. It would peak often right around release or if a single from the album got a lot of radio play. And then sales would drop off gradually. But with streaming a payment goes through with every stream, So every time a person listens to the same song, it triggers a payment. A royalty payment. So if you put a song on repeat, let's say that you got a song that you particularly like, and it's just stuck in your head. You gotta You gotta listen to it like 20 times in a row. This happens to me all the time. Well, that's actually 20 royalty payments. They end up going to that record label into that artist. A portion of it goes to the artist. So while the initial Amount is less than what you would get with a CD sale. You do it way more frequently, because it's every time you.
Progressive Talk 1350 AM
"millions nickel" Discussed on Progressive Talk 1350 AM
"Music industry was facing huge cutbacks due to flagging revenues. And it's hard to feel much sympathy if I'm being really honest because the industry was also known for Not just being insanely profitable for many years, but also for a rather heated mystic approach to business, their legendary stories about parties and drug use and lavish offices for record label executives and crazy bonuses that they enjoyed mostly at the expense of the musicians who are creating the stuff the record labels were selling. And there were some artists who likewise enjoyed comparable lifestyles. But for every Madonna, you had hundreds of artists who are making maybe a decent living. But they were not not getting rich or some people who weren't even able to get by even as being assigned artist with a record label. So generally speaking, artists weren't being paid anything until an album published And then they would get some money and in order to make serious money to really make back enough money to justify the amount of time you spent recording the album, the album sales had to do really, really well. Then the artist would get royalties, which are a percentage of each sale, And I think I need to give you a quick word on how royalties typically work. So you understand. How this model tends tol work in the entertainment business. So in the negotiation phase, and artists and a label or a publisher come to an agreement, and that agreement typically includes a guaranteed payment on delivery or publication of content. So in this case we're talking about The analgesic dropping, so the artist comes up to the record label, and they say, all right when the album drops the record labels going to pay the artist $50,000. That's a decent chunk of change. 50 grand. That's nothing to sneeze at. But it's not gonna make anyone rich, right. It's not gonna make them shop for a brand new house in Beverly Hills or anything now, along with that negotiation. Is the royalty rate. So let's just say, for the purposes of an example that the rate is five cents per copy sold. Now. Does that mean when the first copy of the album is purchased that the artist gets a shiny new nickel? No, because the nickel typically actually goes to pay off the $50,000 that the publisher initially paid the artist. So in other words, you have to pay off that $50,000 guaranteed payment before you start accumulating royalties after that, and there are one million nickels and $50,000 so the record label would need to sell a million copies of the album. Before the artist would start to see any money in royalties. And then from that point forward, they would get a nickel off of every sale. So if an album does really, really well and stills sells millions and millions of copies, and artists can make some serious cash through royalties, and as long as the album is in print. Potential to earn those royalties continues, You know, as long as the album is still available to purchase as new than you could still be making money off a classic album or re master Years after you first publish it, depending upon the contract negotiations he went through before, But the album only receives modest sales. Then the artist won't get any royalties at all, like if they don't sell a million copies. They never pay off that 50 grand. However, they also don't have to pay back the difference to the publisher. It's not like Oh, well. We only sold $30,000 worth of the album if we look at your royalty rate. You don't have to return 20 grand. You keep the 50,000. After CD sales started to decline in 2000, the record label companies began to face some pretty harsh realities. Things got worse year after year, they had to start laying off employees. It was a very drastic change from the days where it looked like there was no end in sight to all the parties and all the drugs and all the bad behaviors. Um, I never occupied that worlds. I don't know if all of that behavior stopped once things started getting more real for the record labels or if they just kept doing it in the hopes that maybe that would help ease the pain. I wasn't there, so I don't know. But the years from 2000 and 2010 were really, really rough on the industry in general, now in 2008, the streaming service Spotify launched and it would become one of the most important Players in the streaming game that the time it wasn't seen as the savior of the music industry. But things have changed since then. The streaming model pays record labels a royalty fee per stream, and it's typically a fraction of a fraction of a penny per stream. So let's say a A play of a recording is a stream now, according to a survey by digital Music News and 2018. The royalty rate range from $20180.397. Would be on Spotify $2.783 on Apple music, and it's not a one size fits all rate record labels could negotiate those rates on behalf of artists and influential artist sometimes have the clout to demand that their work remain off the server services entirely If they think the royalty rates are too low, Lots of artists have done this Adele, for example. Um, they've said no. I'm not going to allow my music to be on those services because the royalty fee they're paying is far too low. Ah, lot of artists, however, don't have that cloud. They don't really have any option. What became really clear later on was that these tiny fractions of a penny really do add up when you start looking at them collectively, and the big reason for that is it's not a one time occurrence per customer. So the profit margins on CDs were great. And the royalties were more profitable Per sale. At first glance, But when you go out to buy a CD as a customer, you buy it. Just the one time you're not gonna go buy a new copy of the same CD. Every time you want to listen to the CD, you just listen to the one you've got. So CD sales had a natural curve to them. It would peak often right around release or if a single from the album got a lot of radio play, and then sales would drop off gradually..
Progressive Talk 1350 AM
"millions nickel" Discussed on Progressive Talk 1350 AM
"Music industry was facing huge cutbacks due to flagging revenues. And it's hard to feel much sympathy if I'm being really honest because the industry was also known for Not just being insanely profitable for many years, but also for a rather heated mystic approach to business, their legendary stories about parties and drug use and lavish offices for record label executives and crazy bonuses that they enjoyed mostly at the expense of the musicians who are creating the stuff the record labels were selling. And there were some artists who likewise enjoyed comparable lifestyles. But for every Madonna, you had hundreds of artists who are making maybe a decent living. But they were not not getting rich or some people who weren't even able to get by even as being assigned artist with a record label. So generally speaking, artists weren't being paid anything until an album published And then they would get some money and in order to make serious money to really make back enough money to justify the amount of time you spent recording the album, the album sales had to do really, really well. Then the artist would get royalties, which are a percentage of each sale, And I think I need to give you a quick word on how royalties typically works. You understand? How this model tends tol work in the entertainment business. So in the negotiation phase, and artists and a label or a publisher come to an agreement, and that agreement typically includes a guaranteed payment on delivery or publication of content. So in this case we're talking about The analgesic dropping, so the artist comes up to the record label, and they say, all right when the album drops the record labels going to pay the artist $50,000. That's a decent chunk of change. 50 grand. That's nothing to sneeze at. But it's not gonna make anyone rich, right. It's not gonna make them shot for a brand new house in Beverly Hills or anything now, along with that negotiation. Is the royalty rate. So let's just say, for the purposes of an example that the rate is five cents per copy sold. Now. Does that mean when the first copy of the album is purchased that the artist gets a shiny new nickel? No, because the nickel typically actually goes to pay off the $50,000 that the publisher initially paid the artist. So, in other words, you have to pay off that $50,000 guaranteed payment before you start accumulating royalties after that, and there are one million nickels and $50,000 so the record label would need to sell a million copies of the album before the artist would start to see any money in royalties. And then from that point forward, they would get a nickel off of every sale. So if an album does really, really well and still sells millions and millions of copies, and artists can make some serious cash through royalties, and as long as the album is in print. Potential to earn those royalties continues, You know, as long as the album is still available to purchase as new than you could still be making money off a classic album or re master years after You first publish it, depending upon the contract negotiations he went through before, But the album only receives modest sales. Then the artist won't get any royalties at all, like if they don't sell a million copies. They never pay off that 50 grand. However, they also don't have to pay back the difference to the publisher. It's not like Oh, well, we only sold $30,000 worth of the album. If we look at your royalty rate, you don't have to return 20 Grant you keep the 50,000. After CD sales started to decline in 2000, the record label companies began to face some pretty harsh realities. Things got worse year after year, they had to start laying off employees. It was a very drastic change from the days where and looked like there was no end in sight. To all the parties and all the drugs and all the bad behaviors. I never occupied that world, so I don't know if all of that behavior stopped once. Things started getting more real for the record labels or if they just kept doing it in the hopes that maybe that would help ease the pain. I wasn't there, so I don't know. But the years from 2000 and 2010 were really, really rough on the industry in general, now in 2008, the streaming service Spotify launched and it would become one of the most important Players in the streaming game that the time it wasn't seen as the savior of the music industry. But things have changed since then. The streaming model pays record labels a royalty fee per stream as typically a fraction of a fraction of a penny per stream. So let's say a A play of a recording is a stream now, according to a survey by digital Music News and 2018. The royalty rate range from $20180.397. It would be on Spotify $2.783 on Apple music, and it's not a one size fits all rate record labels could negotiate those rates on behalf of artists and influential artist sometimes have the clout to demand that their work remain off the server services entirely If they think the royalty rates are too low, Lots of artists have done this Adele, for example. Um, they've said no. I'm not going to allow my music to be on those services because the royalty fee they're paying is far too low. Ah, lot of artists, however, don't have that cloud. They don't really have any option. What became really clear later on was that these tiny fractions of a penny really do add up when you start looking at them collectively, and the big reason for that is it's not a one time occurrence per customer. So the profit margins on CDs were great. The royalties were more profitable per sale at first glance, but when you go out to buy a CD as a customer, you buy it. Just the one time you're not gonna go buy a new copy of the same CD every time you want to listen to the CD. Just listen to the one you've got, so CD sales had a natural curve to them. It would peak often right around release or if a single from the album got a lot of radio play, and then sales would drop off gradually. But with streaming a payment goes through with every stream, So every time a person listens to the same song, it triggers a payment. A royalty payment. So if you put a song on repeat, let's say that you got a song that you particularly like, and it's just stuck in your head. You gotta You gotta listen to it like 20 times and rode. This happens to me all the time. Well, that's actually 20 royalty payments. They end up going to that record label into that artist. A portion of it goes to the artist so While the initial amount is less than what you would get with a CD sale. You do it way more frequently, because it's every time you.
Progressive Talk 1350 AM
"millions nickel" Discussed on Progressive Talk 1350 AM
"Writes. A year after year, the music industry was facing huge cutbacks due to flagging revenues. And it's hard to feel much sympathy from being really honest because the industry was also known for Not just being insanely profitable for many years, but also for a rather heated mystic approach to business, their legendary stories about parties and drug use and lavish offices for record label executives and crazy bonuses that they enjoyed mostly at the expense of the musicians who are creating the stuff the record labels were selling. And there were some artists who likewise enjoyed comparable lifestyles. But for every Madonna, you had hundreds of artists who are making maybe a decent living. But they were not not getting rich or some people who weren't even able to get by even as being assigned artist with a record label. So generally speaking, artists weren't being paid anything until an album published And then they would get some money and in order to make serious money to really make back enough money to justify the amount of time you spent recording the album, the album sales had to do really, really well. Then the artist would get royalties, which are a percentage of each sale, And I think I need to give you a quick word on how royalties typically work. So you understand. How this model tends tol work in the entertainment business. So in the negotiation phase, and artists and a label or a publisher come to an agreement, and that agreement typically includes a guaranteed payment on delivery or publication of content. So in this case we're talking about The analgesic dropping, so the artist comes up to the record label, and they say, all right when the album drops the record labels going to pay the artist $50,000. That's a decent chunk of change. 50 grand. That's nothing to sneeze at. But it's not gonna make anyone rich, right. It's not gonna make them shot for a brand new house in Beverly Hills or anything now, along with that negotiation. Is the royalty rate. So let's just say, for the purposes of an example that the rate is five cents per copy sold. Now. Does that mean when the first copy of the album is purchased that the artist gets a shiny new nickel? No, because the nickel typically actually goes to pay off the $50,000 that the publisher initially paid the artist. So in other words, you have to pay off that $50,000 guaranteed payment before you start accumulating royalties after that, and there are one million nickels and $50,000 so the record label would need to sell a million copies of the album. Before the artist would start to see any money in royalties. And then from that point forward, they would get a nickel off of every sale. So if an album does really, really well and stills sells millions and millions of copies, and artists can make some serious cash through royalties, And as long as the album is in print, the potential to earn those royalties continues, you know, as long as the album is still available to purchase as new Then you could still be making money off a classic album or re master years after you first publish it, depending upon the contract negotiations he went through before. But if the album only receives modest sales, then the artist won't get any royalties at all. Like if they don't sell a million copies, they never pay off that 50 grand. However, they also don't have to pay back the difference. To the publisher. It's not like Oh, well, we only sold $30,000 worth of the album. If we look at your royalty rate, you don't have to return 20 grand. You keep the 50,000. After CD sales started to decline in 2000, the record label companies began to face some pretty harsh realities. Things got worse year after year, they had to start laying off employees. It was a very drastic change from the days where it looked like there was no end in sight. To all the parties and all the drugs and all the bad behaviors. I never occupied that world, so I don't know if all of that behavior stopped once. Things started getting more real for the record labels or if they just kept doing it in the hopes that maybe that would help ease the pain. I wasn't there, so I don't know. But the years from 2000 and 2010 were really, really rough on the industry in general, now in 2008, the streaming service Spotify launched and it would become one of the most important Players in the streaming game that the time it wasn't seen as the savior of the music industry. But things have changed since then. The streaming model pays record labels a royalty fee per stream as typically a fraction of a fraction of a penny per stream. So let's say a A play of a recording is a stream now, according to a survey by digital Music News and 2018. The royalty rate range from $20180.397. I would be on Spotify $2.783 on Apple music, and it's not a one size fits all rate record labels could negotiate those rates on behalf of artists and influential artist sometimes have the clout to demand that their work remain off the server services entirely. If they think the royalty rates are too low. Lots of artists have done this Adele, for example, Um, they've said, no, I'm not going to allow my music to be on those services because The royalty fee they're paying is far too low. Ah, lot of artists, however, don't have that cloud and they don't really have any option. But what became really clear later on was that These tiny fractions of a penny really do add up when you start looking at them collectively, and the big reason for that is it's not a one time occurrence per customer. So the profit margins on CDs or great the royalties were more profitable per sale at first glance, But when you go out to buy a CD as a customer, you buy it. Just the one time you weren't gonna go buy a new copy of the same CD. Every time you want to listen to the CD, you just listen to the one you've got. So CD sales had a natural curve to them. It would peak often right around release or if a single from the album got a lot of radio play, and then sales would drop off gradually. What was streaming a payment goes through with every stream. So every time a person listens to the same song, it triggers a payment. A royalty payment. So if you put a song on repeat, let's say that you got a song that you particularly like, and it's just stuck in your head. You gotta You gotta listen to it like 20 times in road. This happens to me all the time. That's actually 20 royalty payments. They end up going to that record label into that artist. A portion of it goes to the artist. So while the initial amount is less than what you would get with a CD sale You do it way more frequently, because it's every time you.
Progressive Talk 1350 AM
"millions nickel" Discussed on Progressive Talk 1350 AM
"Was facing huge cutbacks due to flagging revenues. And it's hard to feel much sympathy if I'm being really honest because the industry was also known for Not just being insanely profitable for many years, but also for a rather heated mystic approach to business, their legendary stories about parties and drug use and lavish offices for record label executives and crazy bonuses that they enjoyed mostly at the expense of the musicians who are creating the stuff the record labels were selling. And there were some artists who likewise enjoyed comparable lifestyles. But for every Madonna, you had hundreds of artists who are making maybe a decent living. But they were not not getting rich or some people who weren't even able to get by even as being assigned artist with a record label. So generally speaking, artists weren't being paid anything until an album published And then they would get some money and in order to make serious money to really make back enough money to justify the amount of time you spent recording the album, the album sales had to do really, really well. Then the artist would get royalties, which are a percentage of each sale, And I think I need to give you a quick word on how royalties typically works. You understand? How this model tends tol work in the entertainment business. So in the negotiation phase, and artists and a label or a publisher come to an agreement, and that agreement typically includes a guaranteed payment on delivery or publication of content. So in this case we're talking about The analgesic dropping, so the artist comes up to the record label, and they say, all right when the album drops the record labels going to pay the artist $50,000. That's a decent chunk of change. 50 grand. That's nothing to sneeze at. But it's not gonna make anyone rich, right. It's not gonna make them shot for a brand new house in Beverly Hills or anything now, along with that negotiation. Is the royalty rate. So let's just say, for the purposes of an example that the rate is five cents per copy sold. Now. Does that mean when the first copy of the album is purchased that the artist gets a shiny new nickel? No, because the nickel typically actually goes to pay off the $50,000 that the publisher initially paid the artist. So in other words, you have to pay off that $50,000 guaranteed payment before you start accumulating royalties after that, and there are one million nickels and $50,000 so the record label would need to sell a million copies of the album. Before the artist would start to see any money in royalties. And then from that point forward, they would get a nickel off of every sale. So if an album does really, really well and stills sells millions and millions of copies, and artists can make some serious cash through royalties, And as long as the album is in print, the potential to earn those royalties continues, you know, as long as the album is still available to purchase as new Then you could still be making money off a classic album or re master years after you first publish it, depending upon the contract negotiations he went through before. But if the album only receives modest sales, then the artist won't get any royalties at all. Like if they don't sell a million copies, they never pay off that 50 grand. However, they also don't have to pay back the difference. To the publisher. It's not like Oh, well, we only sold $30,000 worth of the album. If we look at your royalty rate, you don't have to return 20 grand. You keep the 50,000. After CD sales started to decline in 2000, the record label companies began to face some pretty harsh realities. Things got worse year after year, they had to start laying off employees. It was a very drastic change from the days where and looked like there was no end in sight to all the parties and all the drugs and all the bad behaviors. Um, I never occupied that world. So I don't know if all of that behavior stopped once things started getting more real for the record labels or if they just kept doing it in the hopes that maybe that would help ease the pain. I wasn't there, so I don't know. But the years from 2000 and 2010 were really, really rough on the industry in general, now in 2008, the streaming service Spotify launched and it would become one of the most important Players in the streaming game that the time it wasn't seen as the savior of the music industry. But things have changed since then. The streaming model pays record labels a royalty fee per stream as typically a fraction of a fraction of a penny per stream. So let's say a A play of a recording is a stream now, according to a survey by digital Music News and 2018. The royalty rate range from $20180.397. I would be on Spotify $2.783 on Apple music, and it's not a one size fits all rate record labels could negotiate those rates on behalf of artists and influential artist sometimes have the clout to demand that their work remain off the server services entirely If they think the royalty rates are too low, Lots of artists have done this Adele, for example. Um, they've said no. I'm not going to allow my music to be on those services because the royalty fee they're paying is far too low. Ah, lot of artists, however, don't have that cloud. They don't really have any option. What became really clear later on was that these tiny fractions of a penny really do add up when you start looking at them collectively, and the big reason for that is it's not a one time occurrence per customer. So the profit margins on CDs were great and the royalties were more profitable per sale at first glance, But when you go out to buy a CD as a customer, you buy it. Just the one time you're not gonna go buy a new copy of the same CD every time you want to listen to the CD. Just listen to the one you've got, so CD sales had a natural curve to them. It would peak often right around release or if a single from the album got a lot of radio play, and then sales would drop off gradually. But with streaming a payment goes through with every stream, So every time a person listens to the same song, it triggers a payment. A royalty payment. So if you put a song on repeat, let's say that you got a song that you particularly like, and it's just stuck in your head. You gotta You gotta listen to it like 20 times in a row. This happens to me all the time. Well, that's actually 20 royalty payments. They end up going to that record label into that artist. A portion of it goes to the artist. So while the initial Amount is less than what you would get with the CD sale. You do it way more frequently, because it's every time you.