The details were uncovered by The New York Daily News' after it reportedly got a hold of a 32 page contract for the show.
So Kids...
If ya wanna be a star, I recommend you do it the old fashion way. Rent a recording studio or purchase equipment to make your own recordings. Promote yourself. There's so many opportunities available for free on the internet. Record companies can do little more then what you can already do for yourself. Sell your music via downloads online or market the CD's.
The recording industry professionals have always been notorious for profiteering on inexperienced new artists hoping for a shortcut to stardom. It is a well known fact if you score with a first time hit you likely won't see a dime. Maybe not even on a second chart topper. Sometimes record companies promise large amounts of money upfront. That evaporates after deductions for studio time, producer costs, distribution, legal fees, vocal coaching, promotion, etc. When you pay for your own recording, promotion and retail, you get to keep nearly all the money. Sure it won't make you a million overnight, but neither will you have people telling you what your composition, arrangement or vocals should sound like.
Competing against others in live contests is really bad marketing strategy. So is hiring a promotion manager. Hiring a booking agent isn't. Set a goal. How big do you want to become and how willing are you to sacrifice or compromise your music to get there? Selling your soul to the devil in the belief record companies are looking out for your interests is the worse idea of them all.
One final word of advice. Go to school, learn accounting.. you're going to need it if you should ever become successful.
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