An extensive report published by Citigroup (via Pitchfork) states that in 2017, artists received just 12% of the total $43 billion revenue made by the music industry. The most revenue is netted by the middlemen; record labels, online distribution services and radio stations apparently make the most from music sales.
It’s no secret that artists often get the short end of the stick in the music business. Dealing with poor pay, bad contracts, constant public scrutiny, and mental/physical health problems brought on by the stressful nature of their job, it’s no wonder so many are swallowed up by the tough industry.
The report notes that the 12% is actually higher than in previous years; in 2000, it was only 7%. The growth is apparently due to more artists self-releasing their music, and the strength of the concert business. But even then, only $5 billion dollars –out of $43 billion– is going to those who make up the foundation of the whole business is ludicrous.
What music fans can do to help
Artists have been forced to tour more frequently, as it is one of the only real viable income streams. Being on the road freqently then takes a toll on the artists and their friends/family, as although they are “living the dream“, touring is incredibly taxing both mentally and physically.
Buying tickets to shows, purchasing music from the artists directly and buying merch are all ways we can support the music we love and limit the cash grabbed by all those pesky middle men.
The report includes a number of info graphics, if an overload of written statistics. You can read the full 88-page report here.
