Religion & Spirituality1 min ago
abba
Watch a tv programme earlier and it said they`ve sold 360 millions albums, how much would they have made cash wise of the sales???
Answers
1 to 4 of 4
Best Answer
No best answer has yet been selected by teash. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
Deals weren't necessarily as good then as they are now; just guessing here, as that's all I can do, but I'm going with perhaps a 10% deal with an average album cost of around �3...
That's apparently around �20 million once we include costs. But this might be wrong; the Beatles sold far more records than that and came off pretty badly from it.
That's apparently around �20 million once we include costs. But this might be wrong; the Beatles sold far more records than that and came off pretty badly from it.
As luckyeight says - it all depends on the contract.
Most contracts will tie a band in for so many albums that it exceeds the life expectancy of the band itself - and hence any post-split 'Greatest Hits' or even a subsequent 'revival' - the profits will still go into the pockets of the record company.
Without researching it properly - I have a vague recollection that because ABBA were "only a Eurovision" band - their contract tie-in was rather short - hence they were able to re-negotiate more favourable terms due to their success.
Most newly signed bands find out to their cost, that when, fresh from their sweaty pub gig, the Limo picks them up to sign the big Record Company contract (with Champagne on tap)- then the cost of it comes out of their eventual profits.
Most contracts will tie a band in for so many albums that it exceeds the life expectancy of the band itself - and hence any post-split 'Greatest Hits' or even a subsequent 'revival' - the profits will still go into the pockets of the record company.
Without researching it properly - I have a vague recollection that because ABBA were "only a Eurovision" band - their contract tie-in was rather short - hence they were able to re-negotiate more favourable terms due to their success.
Most newly signed bands find out to their cost, that when, fresh from their sweaty pub gig, the Limo picks them up to sign the big Record Company contract (with Champagne on tap)- then the cost of it comes out of their eventual profits.
1 to 4 of 4
