RIAA now says `total music revenue grew 18% to $5.4 billion in the first half of 2019, with streaming music accounting for 80% of industry revenues`.
That is the same RIAA that said music streaming will kill the industry, (along with cassette tapes, blank CDs & MP3s).
@MatejLach ...And how much of that revenue went to musicians?
(My guess: very little, because streaming pays notoriously poorly.)
@artsyhonker Yeah, also because of the way the publishing agreements tend to be written, where the music publisher gets something close to 80% of that revenue, since in their words, they took considerable risk, (uploading a file to Spotify).
@MatejLach Indeed. I recommend Bandcamp if you want to support musicians more directly!
@artsyhonker So I used to stream, but then I got into higher-end audio and so started building a personal music servers to have FLAC quality source of music, which, luckily Bandcamp is the go-to place for, so am glad to hear it actually matters.
@artsyhonker @MatejLach totally a bandcamp supporter but some albums are still associated with labels (marked in a black box in the upper left corner). I’ve emailed #bandcamp and a few artists to see how that works without much luck 🤷♂️. On the upside, the band Geoda emailed me directly to say thanks and ask my opinion about their music (it’s Awesome). Had a nice chat with them.
Labels aren't inherently evil and there is a lot of admin musicians might like to outsource. But having the *option* of going DIY can be super important.
Realistically, most musicians that make a living from music do so by touring, teaching, other live in-person stuff (e.g. music therapy). The "long tail" of recordings not only doesn't make most of us rich, it also doesn't make most of us *solvent*.
But I *am* a working musician, and if I thought "get signed with a record company and get good streaming coverage" was a good way to make an actual living, I would have done that by now.
It is definitely in the interests of record companies and other non-musician rights-holders, though, for people to *think* that that system works.
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