I don't believe there is an A&R guy out there who could get a record label to fork out that much in advances.
Oh sure. For one thing that's the advance American Idol winners get. Of course as with all entertainment industry contracts the key is in the fine print "paying off" (getting your percentage of the album sales that would be paid to you if you hadn't gotten an advance) that advance can be very difficult, and can add albums to your contract if not done quickly enough. There's a reason why in "Last Don" the old mobster warns against getting involved in entertainment, they're too crafty and sneaky for mobsters.