The pre-internet version of this is Steve Albini's "The problem with music" which shows how major labels can end up costing bands quite a bit of money. Originally printed in Maximum Rock 'N Roll in 1993, but reproduced here on Negativland's site: http://www.negativland.com/news/?page_id=17
It's worth the read if only for the amazing end line: "Some of your friends are probably already this fucked."
It's worth the read if only for the amazing end line: "Some of your friends are probably already this fucked."
Apparently, he'll be updating it for the digital age soon based this article from January: http://www.mhpbooks.com/steve-albini-to-update-the-problem-w...