TLC sold 10 million albums, won 2 Grammys in one night, then walked backstage and told the press they were broke.
In the clip below, they do the math themselves. I still can’t get over it.
February 1996. CrazySexyCool is the best-selling album ever made by an American girl group.
Seven months earlier, on July 3, 1995, all three members had filed for bankruptcy. Debts: $3.5 million.
Chilli, in the press room:
“We are broke as broke can be.”
A reporter asks how that is even possible. Left Eye answers:
“You can sell 10 million albums and be broke if you have greedy people behind you.”
Then she breaks it down, and this is the part that gets me. Their 1991 contract paid 56 cents per album. Split three ways.
10 million albums is $5.6 million. The label takes back recording and video costs. Then taxes.
“You got about three hundred thousand dollars, if that much.”
Each member reportedly took home less than $50,000 a year.
The group said they never even got their own copy of the contract.
To get out, they reportedly paid $3 million for the rights to their own name. Their own name.
Did the label rob them, or did they sign a bad deal and blame everyone else?
TLC sold 10 million albums, won 2 Grammys in one night, then walked backstage and told the press they were broke.
In the clip below, they do the math themselves. I still can’t get over it.
February 1996. CrazySexyCool is the best-selling album ever made by an American girl group.
Seven months earlier, on July 3, 1995, all three members had filed for bankruptcy. Debts: $3.5 million.
Chilli, in the press room:
“We are broke as broke can be.”
A reporter asks how that is even possible. Left Eye answers:
“You can sell 10 million albums and be broke if you have greedy people behind you.”
Then she breaks it down, and this is the part that gets me. Their 1991 contract paid 56 cents per album. Split three ways.
10 million albums is $5.6 million. The label takes back recording and video costs. Then taxes.
“You got about three hundred thousand dollars, if that much.”
Each member reportedly took home less than $50,000 a year.
The group said they never even got their own copy of the contract.
To get out, they reportedly paid $3 million for the rights to their own name. Their own name.
Did the label rob them, or did they sign a bad deal and blame everyone else?
@quz_ai The limits are the real story. A model that's better on hard tasks but eats a 5-hour window in minutes means most people will use it for 10% of their work and keep the cheaper one for the rest.