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FYI

Report: Musicians earned 12% of music biz revenues in 2017

The proportion of the total music industry revenue artists are capturing has actually risen since 2000, when artists took home only a 7% share of the revenue.

Report: Musicians earned 12% of music biz revenues in 2017

By External Source

Recording artists received just 12% of the $43 billion that the music industry generated in 2017, according to a Citigroup report published on Monday, and led by analyst Jason B. Bazinet.


$43 billion matches a 12-year peak that the industry hasn't hit since 2006, the report said.

The proportion of the total music industry revenue artists are capturing has actually risen since 2000, when artists took home only a 7% share of the revenue.

But this increase is due in large part to the growth of concerts and touring as a revenue stream that is largely distinct from the intermediary of their music labels. Artists are still taking home a meagre share of the increasing revenues in streaming for their music, where music labels and music streaming services act as intermediaries. – Continue reading on the Business Insider website.

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Diljit Dosanjh
Live Nation

Diljit Dosanjh

Music

Diljit Dosanjh Announces Another Canadian Stadium Concert, at Toronto's Rogers Centre

Dosanjh had previously announced a record-breaking concert at Vancouver's BC Place, and now adds 12 more dates to his history-making Dil-Luminati tour, which will mark the first time a Punjabi musician has headlined at both Vancouver and Toronto stadiums.

Diljit Dosanjh is making more history with his latest tour announcement.

The artist has revealed where he'll be taking his Dil-Luminati tour this summer, adding twelve new dates following his previously announced stadium show in Vancouver. The tour promises to be monumental: beginning in Vancouver and ending in Toronto, it marks the first time a Punjabi artist has headlined Vancouver's BC Place and Toronto's Rogers Centre. The BC Place performance is also set to be the largest ever Punjabi music concert outside of India, at a sold-out capacity of 54,000.

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