![]() ![]() Or when it comes to the hot distribution company Thirty Tigers, most artists will receive 90% of the overall take. Or if an artist is signed to a smaller indie label, they may receive 30% to 60% of the album price. If an artist makes and manufactures their own music and you buy a copy from them at a live show, there’s the possibility they may receive 100% of the proceeds minus the production costs. However the story may be a completely different one for your favorite independent artists. That means there could be a scenario that depending on your streaming habits, you may actually be supporting that artist more by streaming the album instead of purchasing it. For example, a mainstream artist may only make $0.33 off of each copy of a physical album they sell. The answer is not an easy one, and it has a lot to do with the convoluted economics of the music business. So this all lends to the question, what is the best way for the conscientious music consumer to listen to and purchase music? In 2015, fans listened to hundreds of billions of audio and video music streams through on-demand ad-supported digital services like YouTube, but revenues from such services have been meager”Š ”Šfar less than other kinds of music services.” “Heading into 2016, the number of subscriptions swelled even higher”Š ”Šmore than 13 million by the end of December … The consumption of music is skyrocketing but revenues for creators have not kept pace. “In 2015, digital music subscription services reached new all-time highs, generating more than $1 billion in revenues for the first time, and averaging nearly 11 million paid subscriptions for the year,” RIAA CEO Cary Sherman says. ![]() This news also comes as it was announced that 2015 was the first year that streaming edged out digital downloads in overall volume. ![]() The 17 million vinyl records sold in 2015 accounted for $416 million in sales, while ad-suppoted streaming on services like Spotify and YouTube only accounted for $385 million. A recent study by the RIAA found that despite vinyl sales making up only a fraction of the overall consumer market for music, they generated more revenue for artists, labels, distributors, and sellers in 2015 than all the revenue generated from ad-supported streaming combined. ![]()
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