They are claiming that Lady Gaga has put out a record which lost $25 million dollars and that this fact alone is why Interscope Records has laid people off.
How is that possible? Who was the idiot who spent that kind of money? Didn't they hear the album and realize that it was going to get a limited response? They should have downplayed it and made it into a more artistic statement album and not hyped it. When you're handed weak material, you should be savvy enough to realize that, while it's worth putting out, it's not going to blow the roof off of the joint. That's why you still have record labels, or so one would think.
Lady Gaga will have to figure out how to make a comeback when all is said and done. Will they let her? Will there even be a record industry next year?