Courtney Love Gave an excellent unedited speech to the Digital Hollywood online entertainment conference,

given in New York on May 16, 2000 on the creative math that the record companies do with regards to the artists. 6 pages long - good read. takes on record label profits, Napster and "sucka VCs."

By Courtney Love June 14, 2000

Today I want to talk about piracy and music. What is piracy? Piracy is the act of stealing an artist's work without any intention of paying for it. I'm not talking about Napster-type software.
I'm talking about major label recording contracts. I want to start with a story about rock bands and record companies, and do some recording-contract math:
This story is about a bidding-war band that gets a huge deal with a 20 percent royalty rate and a million-dollar advance. (No bidding-war band ever got a 20 percent royalty, but whatever.) This is my "funny" math based on some reality and I just want to qualify it by saying I'm positive it's better math than what Edgar Bronfman Jr. [the president and CEO of Seagram, which owns Polygram] would provide.
What happens to that million dollars?