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Old 07-22-2005, 10:41 PM
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cbspock cbspock is offline
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The cost of signing and promoting artists is so high labels can no longer afford the luxury of spending years nurturing acts who need three or four albums to develop their craft and to build their audience — the way Columbia did in the '70s with Bruce Springsteen and Island did in the '80s with U2.

Now, it's often one album and out the door unless you have a hit, because it can cost a major label $2 million to $5 million every time it releases a new album. When labels have 40 to 60 acts on the roster, that tab escalates rapidly.



It is their own fault. They are the ones that have made it expensive.


-Chris
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