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posted by chromas on Wednesday August 29 2018, @03:10PM   Printer-friendly
from the musical-fares dept.

Musicians don't usually get a lot of money. The go-to scapegoat remains copyright infringement or piracy as the industry tries to call it. However, that is contradicted by the reality that music industry revenues have been rising for years. The percentage reaching musicians being always small turns out to be due to mostly unnecessary middlemen. TechDirt has done analyses before and now that the data is in for 2017 it shows that only 12% of music revenue collected currently reaches the actual musicians.

Now we have even more data on this. Citibank recently released a massive and incredibly thorough report on the entire music industry showing how and where the money is made. There's lots of interesting and useful information in the report, but the headline grabbing fact is that musicians end up with just about 12% of global music revenue. As I said, the report is incredibly thorough (and a really useful read if you want to get a sense of just how convoluted and complex the music business really is), but the key is that there was ~$43 billion spent on music in 2017. Approximately $25 billion of that went to everyone (outside of the labels) who helped make the music available: digital streaming services, retail stores, concert venues[.]

[...] That leaves $18.2 billion in money distributed out to the labels. But of that amount, only about $5 billion actually goes to artists, which means right around 12% goes to artists[.]


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  • (Score: 4, Insightful) by vux984 on Wednesday August 29 2018, @04:04PM (1 child)

    by vux984 (5045) on Wednesday August 29 2018, @04:04PM (#727872)

    Note the TFA includes concert/live performance revenue.
    The amount artists get of THAT particular bucket is much higher than than the other revenue source.

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  • (Score: 2) by Alfred on Wednesday August 29 2018, @08:26PM

    by Alfred (4006) on Wednesday August 29 2018, @08:26PM (#728001) Journal
    For some artist some times. There are cases where shady contracts are made and the artist owes the label money at the end of the tour. I suspect that this isn't as much a thing now but that what you make from a tour is a percent proportional to your current fame and/or fanbase because as you get bigger you have better lawyers.