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Schumacher's donation dwarfs that of some Middle Eastern countries
Originally posted by nukunuku
...wheres all the "i just made 50m $ of my last album"
superstars?
They probably spent it al on coc aine and hookers.
Originally posted by TrueAmerican
Originally posted by nukunuku
...wheres all the "i just made 50m $ of my last album"
superstars?
They probably spent it al on coc aine and hookers.
No, truth is, the big record companies keep around 90% of profits made from all major records sold and not returned. The other 10% usually gets divided amongst the production team, which includes the producer and artist (which is sub-composed of all band members, if they are part of the deal.) Some of what little money the artists make (relatively speaking) gets spent on lawyers/agents trying to negotiate them better deals. You guys ever hear the radio interview with Van Halen? Alex was on there saying that they really didn't make much money until they released their own record.
Nonetheless, great story, and Michael is da man. Undoubtedly the best Formula 1 driver ever. And a generous person too, as the article points out. Gotta love the guy.
[edit on 5-1-2005 by TrueAmerican]