14 Dec
2002
14 Dec
'02
1:43 p.m.
It was thus said that the Great Wayne M. Smith once
stated:
>
> > -BZZZTTTT- Wrong answer... the recording industry contracts state that
> > Yes, you can ahve your contract audited, but only with a list of
'approved'
> > auditors, as a matter of fact if you show
your contract to ANYONE you are
> > in violation of the contract.
>
> I don't think that's right. There are restrictions that prevent hiring an
> auditor on a contingency fee basis, and using an auditor who is performing
an
> audit of the same company on behalf of another
artist at the same time. I
have
never heard of
the "approved list" you mention.
According to Steve Albini [1] a band who sells 250,000 albums (not that
bad a showing) will make $710,000 for the record company, and only $4,000
*per band member*. $4,000. Given that an audit can cost anywhere from
$10,000-$100,000 [2], even if the band in question *wanted* an audit, they
aren't going to very well afford one, are they? And there *are*
restrictions on what they can audit [3], but I've yet to find any
restrictions on who can do the auditing.