The News Of Tomorrow, Today
The News Of Tomorrow, Today
Music Industry
Thanks to the internet, there are now more ways than ever to get music. But this hasn’t allowed smaller artists to get a bigger share of the financial pie. In fact, the top 1 per cent of artists now collect 77 per cent of all revenue from recorded music.
From thinking they don’t need licensing deals, to “aggressively courting” the big record labels, Amazon’s change of heart on the Cloud Player storing/streaming issue will likely cost them dear. After all, it’s not like the labels will be responding nicely to their calls, after effectively setting up a streaming service…
Just how much moolah do musicians earn from online downloads and streams? For the artist to earn the US minimum wage ($1160/month), they need 12,339 iTunes downloads or 849,817 streams on Rhapsody.
There are no more articles to be viewed
Haven't registered?
Sign up here
Lost your password?
Click here to reset
Back to Login?
Click here
Subscribe to our newsletter!
Now you can get the top stories from Gizmodo delivered to your inbox. Enter your email below.
By subscribing you agree to our Terms of Use and Privacy Policy.