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Covermount marketing am I missing something here ?
TOPIC: Covermount marketing am I missing something here ?
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Covermount marketing am I missing something here ? 17 Years ago
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After reading about McFly's deal with the Mail on Sunday I decided to look at the cost of the covermount deal. I reckon that the Mail on Sunday will pay 0.2 million pounds on mechanicals, perhaps another 0.2 million on royalties, 0.2 million on the CDs (figures might be wrong here so if you know please correct me).
Let's just say that it costs them 0.6 million to launch. With 2.5 million copies sold at 1.50 plus the McFly fanbase, curious buyer, naysayers, rival journalists etc etc they probably sold an extra couple of hundred thousand papers. They may also get more advertisers on board as well and make a nice profit out of it.
McFly get a 500,000 "advance" royalties equivalent of around 50,000 albums which they would have probably sold anyway plus an additional 75,000 deluxe premium album in september.
Ok pardon my maths and if I am wrong please correct me. Whichever way I look at this, covermounts may be a steal in terms of marketing and how long before The Sun, Mirror, Smash Hits etc all follow suit as they cannot possibly go wrong here. Or am I missing something ?
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