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