Guest or Expert (possibly a commentator or analyst)

When I say 70-30, that's a strong deal. It's a lot of artists on Music Row right now with 95-5s.

So how do you make money then? And then touring and merch.

So how do you make money then? And then touring and merch.

So how do you make money then? And then touring and merch.

They got this new thing called a 360 deal, which is called ancillary participation, which means now not only do I want 95% of what your streaming does, I want 15% of what your touring does, gross. I want 15% of what your merch does, gross. I want 15% of your appearance fee, gross. I want 15% of everything you do, gross.

They got this new thing called a 360 deal, which is called ancillary participation, which means now not only do I want 95% of what your streaming does, I want 15% of what your touring does, gross. I want 15% of what your merch does, gross. I want 15% of your appearance fee, gross. I want 15% of everything you do, gross.

They got this new thing called a 360 deal, which is called ancillary participation, which means now not only do I want 95% of what your streaming does, I want 15% of what your touring does, gross. I want 15% of what your merch does, gross. I want 15% of your appearance fee, gross. I want 15% of everything you do, gross.