Hey, heard today that General Fiasco have signed up to a record label?
Anyone heard anything?
Would assume so looking at comments on their myspace.
They have a publishing deal, think they had record labels looking around early on, but nothing worked out. Must of found a suitable label.
Congrats to them, decent blokes.
Yes, they signed to Infectious records today. Well done GF!
Good work there.
It'd be informative to many other artists to hear what that actually means in terms of their day-to-day and future plans. What does 'getting signed' actually get you in this day and age?
[quote:3b905493b6]What does 'getting signed' actually get you in this day and age? [/quote:3b905493b6]
A congradulatative forum is probably the most of it.
Getting signed is different in most cases than the "good old days" but the golden deals are still out there if you are of the right haircut and capture the "zeitgeist", lol.
I'm being sarky here but big deals still do happen. I have a relative in a band at the moment who are very trendy, nme covers and coolness awards and all that balls (Late of the Pier, they're "nu rave"). They got a half million quid advance from parlophone. Yep. Big comedy cheque and all that jazz. Still have to pay for a lot of shit out of that half mill but fuck me it's a lot better than I've heard in a while deal wise.
Good luck to general fiasco. go and fuckin get it lads!
who else is on that label?
half a million quid advance, effectively means that they are in debt to the label for half a million quid. once that money is spent, all the money from all future earnings will go towards paying that advance back before they see any profit themselves. (obviously depending on the contract)
Its not really that good a deal tbh.
The Temper Trap
[quote:21b3d6f59a="silvercord"][quote:21b3d6f59a]What does 'getting signed' actually get you in this day and age? [/quote:21b3d6f59a]
A congradulatative forum is probably the most of it.[/quote:21b3d6f59a]
It depends who you sign to.
GF have been chased after by quite a few labels so I would imagine with Infectious they have been able to negotiate quite a sweet deal, maybe not the full wedding cake but at least a rhubarb crumble.
Nice one, well deserved.
Well done to the boys
They deserve it!
[quote:e0c1ccbc24="thesacredhearts"]half a million quid advance, effectively means that they are in debt to the label for half a million quid. [/quote:e0c1ccbc24]
It doesn't effectively mean that. That's EXACTLY what it means, that's an advance - they are advancing the band money.
Indeed they'll more than likely be in debt for more than £500,000 - as marketing / pressing costs / advertising are probably not included in the recording advance.
once that money is spent, all the money from all future earnings will go towards paying that advance back before they see any profit themselves. (obviously depending on the contract)[/quote:e0c1ccbc24]
Again, it's an ADVANCE!!! Are you just explaining a
[quote:e0c1ccbc24="thesacredhearts"]Its not really that good a deal tbh.[/quote:e0c1ccbc24]
I disagree strongly.
Having £500,000 of an advance would allow the band to pay back debts, make a really great album, put members on a regular wage during recording process and the album cycle.
It would allow them to buy great equipment, a van, hire great touring crew, put money towards getting onto great tours to increase profile.
And I'd imagine matching such an advance will bring
HUGE marketing, plugging and advertising power from the label, as well as an incredible distribution network -
Meaning covers of magazines, features, national radio and tv play, ads on social networking sites etc etc etc.
Not to mention that the majority of well managed
major recording signings will at the same time (if not before) sign a major publishing deal, usually for a similar amount of advance.
Also - Not every earning goes to pay back the record label.
These days "360 deals" incorporate live and merch earnings
bringing back money for the record labels - but
The live fees and merch sales generated from such a level of activity will be decent.
PRS/IMRO type income will also be healthy at such a level - probably a better wage than any of us indie artists are used to alone.
In this day and age, I think you are CRAZY to suggest
that it's "not really that good a deal"
Even without knowing the ins & outs - it beats the living shit out of being signed to a moany pissy indie label who won't give you £150 to make some posters up.
Congratulations to General Fiasco!
They've been out there touring like crazy and working really hard.
should have been clearer here NON RECOUP-ABLE ADVANCE. there. that's better :o)
They're getting great support from the label, and are recording their second album now. They're making money from merch and gigs etc and that stays theirs (no 360 thing). I think they were signed off the back of the whole klaxons nu rave wave thing.
More to the point they are having an absolute fucking ball :o) One of their dads was in a band in the 90s too (my dog has no nose - yes that was their name, lol), and he has been steering them well as regards fiscal matters (esp as regards costing from the advance for recording, videos, promo - what is shared etc quite complicated so I hear).
Anyhoo back on topic - Always like to hear of a band from here getting any exposure. Fingers crossed for GF. Wahey the lads etc etc.
Fair play to them!
Now hurry up and get me more songs!
bands who were/are signed to Infectious records...Ash,my vitriol(bloody loved them)the subways,the now defuct Symposium
Congrats. Great wee band, love 'em to bits.
great stuff and it was a long time coming
Congraulations! Hope they got a tonne of money and are now rolling around in it. lovely fellers.
I say put them on a nice tidy allowance or leaky will go buck daft and spend all the money without giving me that tenner he owes me.
Congrats prats! Well deserved
Well done GF!
Yous are all banging on about a half mill advance. Who the hell said they got that?