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Streetlight Post Emancipation Update #2
ohnoes
post May 19 2017, 02:56 AM
Post #21


Failure, Complete and Utter.


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And we will bite the hand that thieves
We will not turn the other cheek
This is no threat
It is a promise we will keep
So what's the point pretending
When we've seen behind the curtain
And there's nothing much to see

Promise kept.


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?Rorshach?
post May 19 2017, 10:47 AM
Post #22





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QUOTE (Voox @ May 19 2017, 12:25 AM) *
Ok, maybe someone can explain this to me, because I don't really get it...

Why does Streetlight need to go into so much debt to own this music? Like... what was so horrible about the contract that he couldn't just shit out a few albums, fulfill his obligations to Victory, and be done with them?

I guess I just don't get that. Why put your yourself, your friends, and your family in an apparently massive amount of debt. That seems sort of silly, petty, and selfish. I'm totally open to the idea that I'm missing something and not getting the full picture, but like I said-- hoping someone can explain it to me.


I'm not going to pretend to know for sure, but I think it's worth noting the value of their back catalog.

Smaller, but still relatively successful punk bands see a few grand a year from record sales, without contracts that are heavy in royalties. That's bands with like, 10,000 Facebook fans. Streetlight on the other hand, has 130,000+ fans. I'm sure that doesn't add up to 13x the sales, but I think it's still a pretty fair amount of money.

If Victory really was shafting them on royalties, and they had the opportunity to take it all back and start seeing 100% of their profits, I'm not completely shocked that they decided it was worth it.


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SkankinLibrarian
post May 19 2017, 11:24 AM
Post #23


Terrible. Just terrible.


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Thomas didnt release "pip farting on a snare drum" album because he didnt want to lose his artistic integrity. Plus now he owns his back catalog. Its selfish on the whole, but in the end they can make money if they actually start putting out albums more frequently and start touring more than once a year.


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ohnoes
post May 19 2017, 04:17 PM
Post #24


Failure, Complete and Utter.


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It definitely seems selfish now, but if they manage to make good with everyone they'll look like geniuses.


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Dondles
post May 19 2017, 04:52 PM
Post #25





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There's another point to consider. This is the outcome of a legal case where Victory was demanding $1 million. It could be that Streetlight's legal representation gave them not great odds of winning the case, and owing Victory even more money, and suggested going this route to limit the amount. Owing tens of thousands, or whatever, isn't as bad as owing hundreds of thousands. Maybe, I wouldn't know.


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QUOTE (Jabberjaw @ Nov 11 2006, 12:24 AM) *
Fuck off, Fondles.

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RH
post May 19 2017, 07:27 PM
Post #26





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sounds to me like it's at least hundreds of thousands if family members were mortgaging or refinancing their houses.
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