You know that tween metal band that went viral last year? Actually they’re 13 now, and the young gentlemen of Unlocking The Truth inked their first record deal — for $1.8 million bucks. Makes a nice headline doesn’t it?
The seven figure deal with Sony was approved by a Manhattan judge on Friday (because the boys are minors). It all sounds nice and dandy, but there is a huge downside to the contract.
According to the NY Post, after the band receives their initial $60,000 advance, they’ll have to sell 250,000 records in order to see any of the dough. If we’re living in the same world here, that’s a ton of records to be sold in a digital age where, ya know, people don’t buy records anymore.
Here’s the video that put the interwebs in a tizzy.