If you’ve got big dreams of striking it rich in the music industry, think again. 63% of album and download sales go to the label, and another 23% to the distributors. By the time the lawyers, publishers, producers, and managers get their cut, the average musician sees just 2.3% of the profit.
While money is not the main goal for most musicians, it is an important part of music as a career since it can become the main source of income, and sometimes it feels as if the musician is the product itself. From the musician’s point of view, maybe the only big thing to avoid is feeling as a product, while the percentaje of earnings seem small, there is a lot of money to be made in the music industry, so in the end, it’s best not to focus on making money.
---
This episode is sponsored by
· Anchor: The easiest way to make a podcast. https://anchor.fm/app
Support this podcast: https://anchor.fm/kramagnetr/support