With paltry streaming royalties and a cost-of-touring crisis, it’s harder than ever to make money as a musician. Claudia Cockerell on the household names who are taking up side hustles, and what it says about the state of the music industry
They don’t pay as well as Apple and Tidal but they pay much better than YouTube
When you’re indy you don’t make money from streaming. When you’re actually popular you do, but the record company gets it. It’s like when hard partying rockstars used to all go broke. It’s because they made millions but the corporations took it all and made them pay back the recording and partying costs out of their meager earnings. Then if the band was bust the company would write off the expenses as a loss while still collecting from the artists’ share.
For Taylor Swift’s 1999 album, there was an article that showed Spotify had paid millions to the record company and Swift got about $200. That’s why she’s re-recording everything as “Taylor’s version.” So she can get the revenue.
The singer of Cracker showed his earnings from streaming the song Low one month and TouTube had way more views than any streamer and had paid pennies. Seriously it was like .32.
My last check from streaming was $12 and that was only split two ways.
They don’t pay as well as Apple and Tidal but they pay much better than YouTube
When you’re indy you don’t make money from streaming. When you’re actually popular you do, but the record company gets it. It’s like when hard partying rockstars used to all go broke. It’s because they made millions but the corporations took it all and made them pay back the recording and partying costs out of their meager earnings. Then if the band was bust the company would write off the expenses as a loss while still collecting from the artists’ share.
For Taylor Swift’s 1999 album, there was an article that showed Spotify had paid millions to the record company and Swift got about $200. That’s why she’s re-recording everything as “Taylor’s version.” So she can get the revenue.
The singer of Cracker showed his earnings from streaming the song Low one month and TouTube had way more views than any streamer and had paid pennies. Seriously it was like .32.
My last check from streaming was $12 and that was only split two ways.