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  #1  
Old 08-08-2018, 06:50 AM
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Default Article: Musicians rec'd only 12% of Music Industry Revenues

Brief article: https://consequenceofsound.net/2018/...llion-revenue/

Full Citi report: https://ir.citi.com/NhxmHW7xb0tkWiqO...DYNfND+0hUxxXA

*I haven't had the opportunity to read through Citi's entire 88 page report yet. When I do and if I have any worthwhile thoughts, I'll share them.
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Old 08-08-2018, 03:49 PM
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Default Re: Article: Musicians rec'd only 12% of Music Industry Revenues

What music industry? I thought bands make money from selling merchandise. We are basically retailers, or maybe beer salespeople.
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Old 08-08-2018, 04:36 PM
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Default Re: Article: Musicians rec'd only 12% of Music Industry Revenues

Back in the day I remember numbers like 1 nickel for each 45rpm sold and 25 cents per album.
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Old 08-08-2018, 06:40 PM
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Default Re: Article: Musicians rec'd only 12% of Music Industry Revenues

The world has changed and the "music industry" is mostly obsolete. I don't understand why it's taking so long for people to realize that making money in this artform will never be the same post-internet. Sitting back and collecting royalties is not a realistic goal anymore.
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Old 08-09-2018, 01:29 AM
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Default Re: Article: Musicians rec'd only 12% of Music Industry Revenues

Quote:
Originally Posted by Dr_Watso View Post
The world has changed and the "music industry" is mostly obsolete. I don't understand why it's taking so long for people to realize that making money in this artform will never be the same post-internet. Sitting back and collecting royalties is not a realistic goal anymore.
This is the truth. Even for major artists, how many dollars are lost to free streaming and ewe-tewb? Successful musicians are like counterfeiters, somehow they keep making money.

I remember like 20 years ago, a band we would do shows with quite often got signed to a big label. The 5 members had to divide their 12% amongst each other. What a jip.
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Old 08-09-2018, 09:18 AM
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Default Re: Article: Musicians rec'd only 12% of Music Industry Revenues

There seems to be a suspicion in this thread that 12% is too low a percentage. I have no idea what a "correct" percentage should be. We can all agree that 100% is impossible, and 0% is indefensible, but whether 12% is good bad or indifferent is impossible to say. The music business is just that, a business. While it couldn't exist without musicians, musicians are just one ingredient in the machine that makes money. If you're in that machine, Dunning-Kruger invites you to look down on the contributions of the other cogs.

The internet has made it very easy to "get your music out there", and may have made it possible for bands who wouldn't have been signed to build an audience. It may have even made it possible for musicians who would never have earned anything to earn a small amount. It may have made it harder for artists to earn small country GDP sized pay cheques, but I don't think that the Biebers, Beyonces, Perrys and Swifts are on the bones of their arse.

Historically, the huge amounts earned by major acts of the 70's - 90's may be something of an anomaly.
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Old 08-09-2018, 03:31 PM
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Default Re: Article: Musicians rec'd only 12% of Music Industry Revenues

Further evidence:

https://9to5mac.com/2017/03/30/music...-payout-rates/
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Old 08-09-2018, 07:44 PM
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Default Re: Article: Musicians rec'd only 12% of Music Industry Revenues

Check out this Joe Rogan interview.
One of the folks from garbage tells you just how bad it is for the newbie bands.

http://jrecompanion.com/shirley-manson-jre-953/

At about 1:18 she talks about how the record companies take most of your money and how.
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Old 08-10-2018, 01:01 AM
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Default Re: Article: Musicians rec'd only 12% of Music Industry Revenues

The industry as a whole started sucking back in the late 90s for players, and has done nothing but get worse since then. The problems started even earlier in the classical world.
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