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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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The Weeknd
Holly McCandless Desmond

The Weeknd

Rb Hip Hop

The Weeknd Tests the Depths of His Soul in Ominous ‘Hurry Up Tomorrow’ Film Trailer: Watch

The thriller is slated to hit theaters on May 16.

The Weeknd has shared another glimpse into his upcoming Hurry Up Tomorrow film ahead of its nationwide theater release on May 16.

The ominous thriller received a second trailer on Tuesday (April 1) as the Toronto singer/actor took viewers further into his bewildering odyssey. Jenna Ortega and Barry Keoghan serve as The Weeknd’s co-stars in the movie directed by Trey Edward Shults.

This article was originally published by Billboard U.S.

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