I read ledgers for a living, and the royalty statement is the least honest document in the music business. It tells you what a band earned. It says nothing about what a band spent to stay a band. Everyone wants to talk about the catalog, the chart position, the sold-out stadium. Almost nobody wants to talk about the line item underneath all of it, the one that never makes the liner notes.

Digital ebook (PDF). Instant download after purchase, no physical item shipped.

What’s Inside

• The Lawsuit Tax
• The Forged Merchandise Market
• Touring Overhead: The Production Trap
• The Entourage Payroll
• The Bankruptcy Filings
• The Divorce Ledger
• Insurance You Never Think About
• The Reunion Tax
• The Pension Plan Nobody Funded
• The Forensic Audit