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Economy

How record labels take a cut of an artist's whole career

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Why stop at exploiting an artist's music when you can exploit their physical existence, too? The '360 deal' is a modern music contract where labels don't just take a massive cut of album sales, but aggressively siphon percentages of the artist's touring revenue, merchandise, and even acting gigs. It's the corporate equivalent of claiming ownership over someone's hobbies because you lent them five bucks once.

How record labels take a cut of an artist's whole career
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