Happy New Year 2024 to all our members and visitors! Our Forum is Now Back Online After Some Critical Upgrade- We Apologize for the inaccessibility Period! Thank You all. CORONAVIRUS safety tips from Admin! 1. Watch your hands with running water 2. Dont cough in your hands 3. Keep distance from people 4. Stay indoor if neccessary!! Stay safe !!! Dear Members,Do you know that naijacrux is fully programmed to serve you better, Do you know that you can share your favorite post on naijacrux with friends on twitter,facebook, googleplus,myspace and many more! To share post on naijacrux with friends and family on twitter, facebook,googleplus,myspace,and many more, scroll to the down page of the post, Click on the Social Icon You Want To Share On To Share.


Author Topic: Artists Only got 12 Percent of Music Industry's $43 billion Revenue Last Year  (Read 11901 times)

0 Members and 1 Guest are viewing this topic.

Offline Postmaster

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1116
  • Karma: +0/-0
Loading...

The music industry made $43 billion in 2017, according to a new report from Citigroup. It's the industry's biggest haul since 2006 when people were still buying lots of CDs.

Recording artists only got 12 percent of that revenue, or $5.1 billion. Most of that came from touring.

That sounds bad, but the artist percentage has been coming up over the years: it was 7 percent in 2000.

Still, that's an awful lot of money going to non-creatives, and it makes the music industry unique.

"Currently artists are at the end of the line," analyst  Bjorn Niclas said in the report. "They get the smallest piece of the pie even though they are the ones creating the content. In any other industry you typically see much better returns and margins."



 

 

Nigerian Singer Davido seals a 2-year deal with Pepsi

Started by yungcrux

Replies: 0
Views: 1362
Last post April 13, 2016, 01:01:52 AM
by yungcrux
15 Best Selling Hip Hop Albums Of The Year 2015

Started by admin

Replies: 0
Views: 1401
Last post December 31, 2015, 12:29:36 AM
by admin
DMX – YEAR OF THE DOG…AGAIN Full album download

Started by mastercode

Replies: 0
Views: 5979
Last post July 21, 2018, 03:16:27 PM
by mastercode
Rapper Drake Top Spotify’s Most Streamed Artist of 2016 Slot With 4.7 Billion

Started by yungcrux

Replies: 0
Views: 1852
Last post December 02, 2016, 12:33:21 AM
by yungcrux
G.O.O.D. MUSIC – KANYE WEST PRESENTS CRUEL SUMMER (FULL ALBUM free download)

Started by Postmaster

Replies: 0
Views: 2039
Last post May 30, 2018, 07:55:06 AM
by Postmaster