I'm reading a bio about a guy who was lead singer of one of our pioneering pub rock bands who came up through the 60's playing and organising gigs in a shitty back water town in South Australia where the government dumped a heap of Poms, Scots and Irish when they tried to increase immigration. Was a shitty time for most but it created tough kids who went on to be tough adults playing rock influenced by UK bands like The Who, and then influenced by aggression and loud sounds of punk bands like Sex Pistols.
The Angles never played metal but they played hard, loud, and fast before metal was really a thing and by the mid 70's they were selling out pubs and clubs 6 nights a week. They were nearly more popular than AC/DC but AC/DC had a record contract with Vanda and Young (Alberts Records) giving them albums and a budget to spend. It was a rough scene of alcohol fuel violence as working class drunks battled rebellious youth and up coming punks and future metalheads. Angus and Bon talked Vanda and Young into giving The Angels a shot when they came to Sydney, which they did and under Alberts Records they got a pretty unfair deal but were able to release albums.
Their deal with Alberts was that they organised their own gigs and merch but recording was done by Alberts. They would have unlimited use of the studio but Vanda and Young were the only producers. The standard deals worldwide for sales back then was an immediate loss of 10% for damages because vinyl was fragile and labels would not wear the cost of stock lost to damage. From that 90% the band got 5% and Alberts kept the rest as well as retaining 100% royalties on songs they recorded.
In 79 Epic Records in the US signed contracts with 50 overseas bands, The Angles was one of them and they relocated to the US to record and take on the local scene. In the US they played as Angel City because of naming conflicts and while they had some success it was never as lucrative for them as their local market. However the deal they signed with Epic was reportedly worth $2M. That deal was for 2 albums which was a standard deal all 50 of the bands signed that year got. With Epic the same 10% went immediately for breakages but the bands got 12% of the remaining 90%. Management fees, private legals etc then came out of that 12% before the band got paid. Epic was slightly better with royalties only taking 50% of anything they recorded not the 100% Alberts in Australia was taking.
Although The Angles didn't resign with Alberts (or Epic) when they returned to Oz two years later the Alberts deal was still more lucrative for the band than the Epic deal because of the free studio time etc. It's weird to think that a deal where something you create only yields you 12% of the profits is actually a worse deal than getting 5% of the profits.