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Interesting article, very thorough in its explanation of all the ways bands can get screwed financially. I'd be interested to see more hard data as to how common this case is, where it fits in on the spectrum (percentile-wise) of band signings.

Very common. Extremely common. Albini isn't even saying much about publishing, and the zillion ways for musicians to get screwed there (never sign away your publishing rights!). For a good introduction, try Donald Passman's "All You Need To Know About The Music Business".

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