If you are a current investor, it may hurt you to hear this, but Pandora ceases to exist without access to artists’ music, and in no way can it (or should it) be the other way around. Ask yourself this: Will the music royalty checks decrease or stop rolling in if Pandora goes away? No. Will you stop listening, buying, streaming, borrowing, renting or stealing music if Pandora goes away? Now I feel you may be trusted to answer that question in any which way you wish — but try to be honest. read more
The Future of Music Coalition has released data from its Artist Revenue Streams research project, where financial case studies drawing from 4-12 years of accounting data provide information about how musicians are making a living today. These five case studies provide a financial profile of different types of full-time musicians. Each case study graphs and explains the musician-based sources of income over time, and the results tell a lot about the state of today’s music industry.
The case studies reflect the working lives and income streams of five different types of full-time musicians: […]
Future of Music Coalition has released the next data set from its groundbreaking Artist Revenue Streams research project: five financial case study profiles that provide rich, verifiable information about how certain musician types are making a living…
[…] Charles McEnerney of Layers Marketing, who produced the event, kicked off the evening with a review of results from the Future of Music Coalition “Money from Music” research project.
The project, which analyzes the many revenue streams of working musicians — based on comprehensive online surveys and offline interviews — reflects the impact of technology on the music industry in general. While we may have a general gut instinct that technology has empowered the individual musician, check out the FMC’s analysis for some interesting insights into the phenomenon. […]
The Future of Music Coalition recently published a 12 page case study profiling the income from 2008 – 2011 of a working indie rock composer-performer. The full report is available here although I’ll go through much of the information below. […]
Washington, DC-based nonprofit Future of Music Coalition interviewed 80 different musicians and composers, conducted nearly a dozen financial case studies, and ran an online survey completed by over 5000 musicians to uncover…how today’s musicians are earning money.
In a rather fascinating case study by the Future of Music coalition, they published a very thorough breakdown of an indie musician’s annual salary through four years. This individual, whose name and actual dollar amounts were shrouded in the study due to contractual agreements, makes 100% of his income off of music, has no health insurance, and has been a touring, creative member of several bands over the past four years.
Many of the conclusions one could draw from these numbers are obscured because there is no raw dollar amount to ground the percentages. What can be gleaned, however, is what aspects of the music business are currently profitable for indie musicians. read more
…There seem to be more ways than ever for the independent artist to bring in cash. The Future of Music Coalition, an artist lobbying group, announced during SXSW the results of two years of research into how musicians make money. Jean Cook, one of the architects of the project, said the research revealed 42 potential music revenue sources. No single artist is, of course, benefiting from all 42. A classical artist, for instance, may have access to only two or three, she said. But a singer-songwriter may be able to pull from as many as 25 revenue streams. read more
Want an enlightening look at where the money in the music business goes? So does the Future of Music Coalition. They are studying the results of an in-depth research project to establish what the revenue streams are for musicians in all genres of music – from classical to indie rock.
The Future of Music Coalition, founded in 2000, is a national non-profit that focuses on education, research and advocacy for musicians. They also produce an extraordinary annual summit attended by musicians, music industry heavyweights and government policymakers.
Here is the breakdown on how survey results were compiled:
More than 5,000 US-based musicians and composers were surveyed between Sept. 6 – Oct. 28, 2011. read more
Future of Music Coalition is a national nonprofit organization that works to ensure a diverse musical culture where artists flourish, are compensated fairly for their work, and where fans can find the music they want. One of their recent projects has been the Artist Revenue Streams Financial Case Study - a multi-method, cross-genre research effort that’s examining how musicians’ revenue streams are changing, and why. The research is fascinating and extremely valuable for artists and all stakeholders in the music business and helps us understand the financial landscape for creators and what it takes to sustain their work.