He gave them their own soup

Not really. The company didn’t go anywhere so it’s a failed business.

@@Silent-Queen no it wasn't they sold it to Sony

He did better than 80 he took.79

@@trixzy4482 Nice. I wonder how much they sold for? They must have been doing somewhat well if Sony is going to invest. I’m not into that music but I actually liked their sample music. Not bad for non super professional singers and musicians.

I don't think Duncan thought they'd take it, lol. But they probably figured 79% of nothing is still nothing.. let's take the £50k and take a punt. Otherwise they were going nowhere.

He named it after himself and then stopped trading in 2012 At least he had fun lol

I think he wanted to give them a lesson on business. 😆

@@horusreloaded6387 What a legend lmao

He knew they'd take it lol. Bit of fun for him

Hahaah

😆😆😆

Except they only own 21% of it, so more like 10 grand.

What this guys want is the Hollywood glamor of being a big record producer (SEX, DRUGS & CARS --- THERE 18)!!!

no they just knew or suspected they had nothing, which they did

They aren't entrepreneurs, an entrepreneur invests money into their business. They were investing less than £3 a month.

@@oliversmith2 I never said they were entrepreneurs I said they had nothing.

just looked up the video, that's so funny xD

He spends 40,000 a weekend according to Peter. He said it like 5 times in a video😂

Keep in mind that an early stage talent, the promoter does all of the work in the beginning and most likely the artist will run away to a bigger label once he gets big, so a promoter needs to earn his take while he can and when they get bigger then can revise the contract or leave which people do. It is a dog eat dog world and the promoter is taking all the financial risk in the beginning hence the larger portion

The company is now 'dormant'.

@@davidwhite4874 I think the website is dormant but I think it was sold to Sony Ent.

Not really

Not really, now only his money is on the line and they have little equity so they don't really have much incentive to do anything. If it is successful because Duncan wants to see a return they get 21% of it for his effort.

Not really. The artists all agreed that was fair and the two chaps agreed Duncans offer was fair? It's all about opportunity, the platform and the people you know in this industry. Once the artists are super successful they won't need the lads, once the lads become very successful they can dilute Duncan.

They join the platinum league

Fair play to Duncan. Renamed Bannatyne Music, he got some fun and took a big gamble and I believe his question and the answer on other businesses together with the fact they were smart enough to accept is why. He tested their morals and they passed. Great lesson , dont be greedy. Risk = reward. A small slice of a big cake can be worth more than big slice of a small cake. As Hilary said , a fair deal today can cause problems, problems that are easy to preempt once the risk is reduced, reduce the % once you got a hit. Both for shareholders and artists

80% of an artist's income is fuckin criminal! I'd be running far away from that label if I were looking to join one.

@@sorrenblitz805 Really? New artists usually sign up for 10-15%, which is why their artists were more than happy with 20%. These contracts usually only cover albums and singles, not live performances where artists will make their money really.

😂😂😂😂😂😂

Thanks for that

Good luck

Welcome to the club! We usually watch Dragon's Den while eating.

Dragons Den is the original show, all the rest are a spin off. This show is by far the classiest, smartest of them all.

@@greatergoodfijithegreaterg6272 The Japanese show was the original

I'm watching the DEN on my phone while THE SEED OF CHUCKY dvd on tv in the background .

Most people have been there, done that and got the t-shirt, son!

@@TylerL2023 you haven’t even got 50 quid to waste you melt 😂

@@TylerL2023 Most people where? You clearly don’t live in the real world. 50 grand to WASTE?

@@TylerL2023 yeah , and I'm one of em , more than 50k though .

To be that boring “matter of fact” commenter - the lift was added because of an equality/anti-discrimination law change in Britain requiring them to add one, so that the studio was accessible to disabled individuals (whether entrepreneurs or staff). They could either put in a lift for a few grand. Or buy a new studio for a couple million. They obviously went for the cheaper option.

@@Ravenfyre_88 I always thought they had a lift off-screen for the staff, but then also had to make a new one for the show (because of what you mentioned)

They probably expected Duncan to take over and turn it into something they could leech millions off in the future with their 21% leftover.

But they still own their 21% right? So it doesn’t even matter if they got fired

@@Warriorsoul101 they had only 1% the artist they sign have the 20%

@@bigbobrossa8524 Nobody owns 21% or 1%. Duncan bought 79% of their 80%. 79% of 80 is 63.2. Leaving the two guys with 16.8%, Duncan with 63.2%, and the artist with 20%.

​@@saintjimmy456? The contracts with the artists have nothing to do with the equity of the company. The artists don't own 20% of the company, they get paid 20% of their music earnings

She'd definitely get it in the shoulder pads.

Chris burns kzfaq.info/get/bejne/psx-ZtVnsa6wdGQ.html

doubledrop alwayz I think her being rich has something to do with it 😂

Said nobody ever

Sarah is bandwagon restaurant and alcohol led wealth. I cant stand her

Well noticed!! Lols

😂😂😅

Well no, they'd rather have a higher completed view rate than people leaving immediately.

Depends on if he actually mentored them 🤷🏻‍♂️

For 79%?

Dinner with Duncan Bannatyne is worth more than 200k

@@adamk8073 No, it’s actually not lol don’t be ridiculous.

Ducan is getting 79 % of the money from the business and they only get 1% they just become slave's to ducan

Peter invested in Hamfatter...

He would gladly accept that offer if he knew it was an option

yup generic pop junk food that plays in the shop where you go to buy some jeans haha

They will start another company

Beats by Bannatyne would have been better

Agreed. What happened to good music like Dio

@@expertexcavatinginc I named my dog after him lol

Oath

You know, I don't like that style of music either, but I am mature enough to realise that music is mostly down to personal preference. When you were a child, your parents/grandparents said the same thing about what you listened to, remember.

@@oxymoron02 It's not about the style. All three of those tracks were objectively bad, and with little potential.

True. I find their presentation very interesting as there was nothing suggesting that the music played weren't demos and management companies do mail out model shots. Any professional printer can get hi res photos printed. I think the artists were signed to a management company... and the 80/20 deal was either void or very thin based upon those artists releasing music through the label - and only such music the label have 80% of the rights over. In fact, if they were intending to send the artists to america to record music.... no wonder they agreed to it. There would be nothing stopping them networking, using that opportunity as a stepping stone and signing for another label for their actual best material.

@@justanotherviewer4821 Indie artists are better off signing themselves to their own label or llc. Yes I agree, granted there's labels that give them the stepping stone or foundation to get heard and build a wider platform base, but honestly no real label whether indie or major would be interested if the artist has no following, hasn't played shows, or tried doing things on their own. Though I have seen manufactured artists. ex: Justin Bieber, Hanson, NSYNC. I worked at a lot of labels in the past with some pretty big named artists here in Chicago. I seen first hand how musicians are screwed over. Its sad honestly.

I’m a musician who’s played in a dozen+ bands, toured and played for thousands, been in 2 groups that signed to labels, and been played on the radio… and even then I BARELY make a living. These guys have NO CLUE how the music industry works or what they’re getting into - they just like music but don’t have any talent themselves so they decide to try and be leeches. I’m both offended and embarrassed for them! haha

cool

@H P He'll be getting a good wage so...yeah. 🤷

@H P Very good salary and job security you're such a div comment like that bet you work in sports direct and are doing an arts degree in uni 😂

He was not being greedy. He was trying to troll them by offering them a horrible deal, just like how they screwed over the artists. He didn't expect them to take it.

This was from 2010.

@@element4element4100% he’s just memeing

What a bummer .

ashleelmb if people stopped trying then Music would cease to be... it’s like that for everything...

You’re so wrong it hurts, I can name artists that have got huge in the past couple weeks out of one song

@@jordanolsen879 How would music cease to be? Billions of people on this planet have computers, laptops, tablets, mobile phones, mp3 players, ipods, CD players, tape players, record players, all designed to play recorded music. Furthermore, I'm not saying that people should stop creating live music altogether. It can be fun. But, to consider it as a career is not smart if you want to increase your chances of living comfortably. 🤷‍♂️

Agree with ashleelmb, I've worked on people books who tried to make it into the entertainment business its almost impossible to break in without a contact at the top. They make hardly anything and have been trying for over 20 years and I believe its too late for them to make it. A friend of mine is an actor but is doing work behind the scenes instead of on screen. Its extremely cut throat industry. Unless you're willing to sleep with the director there's almost no chance in Hollywood. You do get the few who do make it but the vast majority don't. I have another friend who has made it and he produces music videos with views in excess of tens of millions. The thing I will never understand is why does mainstream music only focus on the few people when there's so many people with so much talent?

@@keshabkuikel6636 I couldn't have put it better. I completely agree. Great comment!

:)

😂😂😂😂😂😂😂

Lol!

Paul Smith yes we know. Someone reminds us every episode.

Pizza Jones Theo Profiterole Duncan Hammer Time Deborah Edam Hillary Bevy

Christ, not another one.

Hail Pizza Jones.

Either I'm in a time loop, or I saw this recently.

Not so much these days because of there being so much media available. You need at least some marketing to make it big these days too.

Huh?

Yeah, I mean all the samples they played sucked....IMO, of course, but yeah :D

This is what happens when someone wants to be in the music industry but have no talent themselves… so they decide to just be leeches

I'm out.

Boats and heaux

Heck- I would say sisters !

that's what you get for being too young

@@moogleking exactly

Well today every music has some sort of Autotune so it's not that odd

@@himanshusoni1422 shouldn't have to be that way though

@@KneeDeepInTheDead81 i agree but can't deny that it's popular and not going to go away anytime soon

@@himanshusoni1422 and that sucks.

Yes, but there's well - produced auto tuned pop, and amateur garbage. I'm sure you don't need to be told which of the two this crap was.