Bayside's Anthony Raneri has responded to the "Biggest Flops of 2008" list which we posted last week. Anthony notes:

Less then 1% of all records that are made in the world sell more then 1,000 copies. An album that sells 200,000 copies makes the label between 1 million dollars and 1.4 million dollars. So now imagine calling an album that sells 700k copies a flop. If you can't turn a profit on that, then it's probably not the bands fault for "only" selling 200k. Maybe it's time for a new business model.

Bands on major labels usually need to sell about 500k or more copies of their record before they get paid from their album sales, which only about 25 albums of the hundreds of thousands that come out actually do. Standard rates to the people that help a band function is 15% to a manager, 10% to an agent, 5% to a business manager, 15% of your merch to the club and if you have a 360 deal, 15%-30% to your label. .

Check out the rest of the blog entry here.