Date: Thu, 30 May 2002 14:17:21 +0000
From: "L. Bird" <pkeets@hotmail.com>
Subject: Re: The Who Mailing List Digest V9 #152
>How much does it cost to run the label? How much did they lose on the 20
other bands they financed but didn't make it? She's clueless.
If the situation is so bad for the record companies, then they need to go
out of business. They may yet, if artists can find a way around the
Better hope the oil companies don't follow your advice. Although the
percentage of "hits" is increasing with improved technology, they too
have to make up expenses for a large number of "dry holes" from the
ones that DO produce. (In the late '60s, the proportion was about 1
profitable well, 1 break-even, and 8 total losses for every 10
drilled.)