Image, Money

Musicians’ Income Can Still Be Huge — With The Right Brand, Team

From HuffingtonPost.com by Joe Satran:
In 2011, Taylor Swift made $57 million, Rihanna made $53 million and Kenny Chesney made $44 million, Forbes magazine estimates.

That’s more than almost anyone else in the entertainment industry.

Meanwhile, the Future of Music Coalition found that musicians made an average of about $34,000 off their music in America, before deducting expenses from touring and recording, while the music media tolled the same old bell of doom about the state of the music industry.

What gives? It’s tempting to chalk the difference up to disparities in record sales — some musicians have always gotten huge while their peers languished in obscurity. But even top artists are selling far fewer records than they used to. Total North American sales of recorded music fell 36 percent between 2007 and 2011 alone, according to a recent report by PwC. And it’s clear that digital music sales haven’t yet made up for lost physical sales, and won’t anytime soon.

Read more HERE.

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Discussion

One thought on “Musicians’ Income Can Still Be Huge — With The Right Brand, Team

  1. I think the real question for blue collar musicians is not only what the average income is, but what is the number of musicians that can earn a “good” living playing music. I have a friend that is in an agency cover band and he is clearing just over 6 figures. Not the typical situation for sure. Bars/clubs continue to be the main venue for musicians and they continue to pay the least. When a bar owner can clear out $4,000 in bar sales and the band only gets $250 to split between 4 members, something is wrong. Musicians!!! Do not sell your talents so cheap. Demand a decent wage!

    Posted by Overdrive Nation | September 24, 2012, 7:31 pm

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