#Sony #Music writes off artists' decades-old #debts

source: https://www.bbc.com/news/entertainment-arts-57445303

That's how an act like #TLC, who were signed to Sony subsidiary #LaFace Records, ended up declaring #bankruptcy in the 1990s.

The R&B stars declared debts of $3.5m, despite having one of the decade's best selling albums, #CrazySexyCool.

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#capitalism #profit #album #fail #wtf #banksters #crime #news