Last week, we launched a series of blog posts that are using Artist Revenue Streams to examine some of the common assumptions about musicians and income.
In part 3, we’re looking at the assumption that, in a post-Napster world, musicians don’t make any money from selling music. As with the other perceptions, there’s a grain of truth in this, based on the simple fact that income from the sales of sound recordings in the traditional sense – sales of physical goods in retail stores – has changed drasticallly in the past ten years. There are fewer retail stores, more online ways to get music for free and, according to the RIAA’s data, a steady decline in the dollar amount of CDs shipped from 2004 to 2010.
Whether on vinyl, cassette, CD or via digital download, income from the sale, license or performance of sound recordings has been a core part of many musicians’ income streams for decades. But there’s no doubt that income from sound recordings — perhaps more than any other — has experienced significant challenges and undergone serious changes in the past 10 to 15 years. read more