Economy
In reply to the discussion: STOCK MARKET WATCH - Thursday, 5 January 2012 [View all]AnneD
(15,774 posts)Hubby is a musician. He and a friend wrote a book on playing the sitar. Hubby got a flat one time fee (chump change I contend)-end of story. Friend who wrote it gets a small residual (I don't mind him getting more because he did write what my husband told him to include) but many time over what hubby got. Mel Bay make the lion's share. Artists are forever getting ripped off.
It took hubby 50+ years to learn what he does, and he gets less than diddy, less than a studio musician.
Well, I finally got him into the studio again, a major hurdle. We are now paying for just recording and mixing time and we keep the masters. I am currently looking into ways to make this available for download at a low cost. I like the 'Greatful Dead' model of marketing. Hubby thinks I freak out over this and I rode him pretty hard about recordings. I tell him that those recording can be like money in the bank for the later years when he can no longer play. I am trying to record him teaching as this is also important from a legacy point of view.
We are looking to cut the middle man out period. Of course that means that the more computer savvy of us has to do marketing, but that is in the works.
We should discuss this at length. I think I will be going to Mom's so maybe we can share that Mexican food dinner after all.