Man...alot of responses. The range of responses i got were expected though. Wanna say a few things first...
1) I wouldn't ever throw any success that I have in the faces of anyone. Even the haters. Yeah the temptation would be there to send out a big F*CK YOU to those who doubt, but I try to take the high road, and thank them for the negativity, cuz i turned it into motivation. I'm just trying to be an example of a DIFFERENT WAY to do things, that will hopefully yield better results than the stat-quo.
2) All of the work that I've done from them thus far is DEMO WORK. No masters involved. Basically they hear a track on SC they like, I let them DL it, and they lace it.
3) No contracts have been signed yet. The artists are holding thier contract as we speak. Their signing is on 1/3. I should be getting my paperwork for production during that week. The entire album has to be re-recorded, multi-track's submitted for mastering, etc, by like end of Jan, for a late feb/early march release.
Now...with that said. The chain of command looks like this...
Universal --> Parent Co. --> Child Co.
My production contracts will be with Parent Co.
Now.
Budget is limited because Universal this group is really unproven...meaning not having moved ANY major units (only like a few K). So Universal ain't gon come up off of no huge money and risk so much on an unproven talent. So that's why the budget is basically Null.
Again...everything i'm hearing are from the execs/artists at Child Co. since the artists are co-owners of Child Co, they have to sign directly to Parent Co, thus my dealings with them.
From what I can gather, the Artists/Execs aren't really that well versed in publishing, etc, as they are rookies like myself.
Again. I will be hearing from CEO of Parent Co. in about a week. Then i will sit down and get the real deal. It may end up that NO MONEY means no advance, and no percentage royalty off sales, but I still get publishing. So who knows.
But the story is def real. I've been straight up with FP on everything, and I have no reason to lie. I'm not one to gloat, so it's not for that reason either. I just wanted some serious opinions from people who have been where I am now, or who are possibly going to be there at some point in time.