Check, Please




Ever since Vin had me reorganize our artist binders and then told me that we don't really use them, we've been using them a lot.  I've gotten to take a look at quite a few royalty statements for our artists and being the nerd that I am, I think its pretty cool.  Some artists are still in the negative, because the label still hasn't recouped all of their advance.  Its crazy when you see they still owe the label six figures, even when they're making a good amount of money.  You'd be surprised to know how many artists never end up paying the label back the advance they were given.

The other crazy thing I see in those binders are the checks in the positives!  A big check once is good enough, but a few a month?  I'll take that.  It's pretty cool to open the envelopes for these royalty checks and know that it will be a very long time, if ever, that I ever hold a check for that big of an amount in my hands.  

My boss is really adamant about me taking a look at these things and asks me questions about them to test that I really read them.  I'm used to being handed things and being told their confidential, or having someone put it in an envelope so they know I won't be able to read it.  Or being told to do something but not being told why (like the time I had to go to a man's hotel room and burn a CD and then bring it back to the big CEO, at my first internship).  I did learn about royalties in school, but I didn't learn about licensing, so its really great to be able to look at this stuff for myself and hold it in my hands.  And on a good day, Vin will answer all my questions, even the dumb ones.

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