I decided to start this blog in addition to my LaQuest Beach blog so that I don't clog up the hood blog with all my randomness :). This is still a sim related blog, but more of the behind the scenes. I may link posts from this blog to the main blog if I feel they are important and I'll put them in the comments section of one of the posts. I'm going through and deleting all posts from the LaQuest Beach blog that aren't updates to make it easier for new folks to follow the craziness that are my stories :). So welcome to my chaos!
Friday, August 5, 2011
Paying Mellow Metal
So I've been doing some research on record sells for artists and have found out that Slade will more than likely be able to pay off that house after all! According to my research, most artists get 10% of each album sold. So let's say their first album costs $15 in stores. Then they would receive $1.50 for each record sold. Now, to go gold (platinum seems unrealistic for a first album :)) they would need to sale at least 500,000 records. 500,000 * 1.5 = $750,000. Now they're a group so that would need to be split three ways which would give each guy $250,000. I also researched lump sum tax amounts and I found an average of about 35%. So after paying taxes, that would leave each guy with $162,500 dollars. Crazy huh? And honestly, given the inflated prices of sim items, the cds should probably cost more that just $15 lol. But, because he has the house, he won't be left with any money after paying off the house loan and his tax loan. Brian and Kenny on the other hand will be sitting pretty for a while! And Brian should be able to pay cash for a pretty nice house and decorate it quite lovely! And Jacob Ellison as their manager and record producer would get the rest of the money from sales, which would be $675,000 that would be $438,750 after he pays a 35% lump sum tax. So they will all get pretty rich from this! And imagine if they went platinum!!! I suppose I could adjust what is considered going gold in sim world......I don't know what do you think? If I cut it down to 250,000 record sales then they would only make half of that.......what do you guys think? Is that too much money for them? Keep in mind that Jake is already a former member of a very successful band with great connections so them going gold is a good possibility I think...........