The Root Investigates Who Really Gets Paid in the Music Industry
New Justin: The above chart means that if a band generates 1 million in sales, each band member just gets $23,400!
If you thought the life of most musicians was comparable to the blissful and blinged-out existences of Kanye and Rihanna, you’ve clearly not heard much about our ever-desiccating music industry. According to the latest Nielsen research, only 2.1 percent of the albums released in 2009 sold even 5,000 copies — that’s just 2,050 records out of nearly 100,000, and to fewer people than go to a small liberal arts college.
As if that weren’t bad enough, even the bands who do move units end up paying through the nose, mouth, eyes and ears for management, legal fees, producers and other expenses, leaving most of them scrounging to pay for record advances and, if they can afford it, health care.
From the outside, it often sounds fun to be in a band. But before picking up that guitar or microphone, take a look at where the money from a record goes.
via The Root Investigates Who Really Gets Paid in the Music Industry.
