Enough already!<\/p>\n
This isn’t about a new business model, this is about ADVANCES!<\/p>\n
That’s what Jeff Kwatinetz, fading music manager, specializes in, GETTING THE CASH!<\/p>\n
Yes, I’ve got a has-been band with a brand name.\u00c2\u00a0 How can I tantalize entertainment companies into laying out a ton of cash for them?\u00c2\u00a0 By creating a new business deal.<\/p>\n
They made a record with the Matrix, so David Munns and the backward-looking people at EMI would pick up the record.\u00c2\u00a0 Also, by giving up road and merchandise income it would give EMI a wedge to use against OTHER acts, to get them to cough up bread.<\/p>\n
Then, to make sure they don’t lose the band to AEG or some other promoter (yeah, like Kwatinetz didn’t play hardball and threaten) Michael Rapino coughs up dough for an exclusive, tying up the band for a long term, which HE couldn’t do previously, also helping establish a paradigm to use as a blunt instrument on other acts’ heads.<\/p>\n
God, if you want revolution, let’s go back to the Police.\u00c2\u00a0 Let’s take a LOWER or NO advance and a larger share of the upside.<\/p>\n
With this one band, Kwatinetz has set back the plight of the artist community YEARS!<\/p>\n
God, you already can’t squeak a royalty out of a major label.\u00c2\u00a0 Rather than fight this battle, Kwatinetz has INSTITUTIONALIZED the advance system.<\/p>\n
Two desperate companies.\u00c2\u00a0 EMI and LiveNation.\u00c2\u00a0 In the crosshairs of a mesmerizing dealmaker.\u00c2\u00a0 Come up with a plan that should receive NO press, unless it’s in the comics.<\/p>\n
God, ever been at a show settlement?<\/p>\n
Tell me this works.\u00c2\u00a0 With these three poker players holding their cards and respective pots of money.\u00c2\u00a0 Yeah, that’s what the business is famous for, accurate accounting.<\/p>\n
Makes me puke.<\/p>\n