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> 7 royalty cheques that’ll make you lose your faith in the music industry
Hexabuzz
post Feb 19 2014, 01:19 AM
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http://m.aux.tv/news/100455-7-royalty-cheq...-music-industry
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klasaine
post Feb 19 2014, 03:03 AM
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Nothing new ... in either the new model or the old model.

Here in LA LA land there's a bar called 'Residuals' if you bring in a residual or re-use check under a dollar you get a free drink. The bar's been here since the 70s. I've gotten more than one free drink at that bar.


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Palacios
post Feb 19 2014, 03:21 AM
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I don't ever plan on quitting my day job. I could never match my current job playing classical guitar. I'm guessing performing live is the only real way to make money as a musician.
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klasaine
post Feb 19 2014, 03:29 AM
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Write songs.
Keep your publishing.
And yes, play live ... actually, play live in somebody else's band and make sure they pay you wink.gif


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PosterBoy
post Feb 19 2014, 09:32 AM
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In the documentary Heartworn Highways, I recall the legendary Townes Van Zant receiving a royalty check from I think his Swedish record sales and it was something like 39c. His response was 'Well I guess I won't be touring there anytime soon'!


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Saoirse O'Shea
post Feb 19 2014, 12:00 PM
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Again nothing new to me. I can't remember the exact figures but DaftPunk had a massive multimillion selling international hit last year. It generated 10s of millions of plays on spotify and their performance royalties was a pitance and they weren't even paying back an advance to a label.


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Palacios
post Feb 19 2014, 10:02 PM
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QUOTE (tonymiro @ Feb 19 2014, 03:00 AM) *
Again nothing new to me. I can't remember the exact figures but DaftPunk had a massive multimillion selling international hit last year. It generated 10s of millions of plays on spotify and their performance royalties was a pitance and they weren't even paying back an advance to a label.

That's horrible. I love Daft Punk. They have such a unique sound. They deserve to get paid right.
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Todd Simpson
post Feb 19 2014, 10:44 PM
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The music industry is an ever changing beast as we all know smile.gif The digital pennies from streaming aren't going to make up for the analogue dollars from the "old days" of selling physical units (value added plastic). So musicians seeking income have to learn to adapt as we've talked about before.

These days you have to combine multiple income streams to make it work. Live shows, and Merchandise remain power generators of income for those in the top tier of good sized fan bases where the music itself is a loss leader to get people to come to shows and buy merch.

In the middle level and below it gets a bit tougher. Newer artists without a big fan base usually lose money touring. They may break even on merch. They usually lose money on physical media/cds etc. Labels used to pay for this for 5 years or so as "artist development". Those days are gone and artists have to develop themselves until they become a viable brand/biz and a label can justify the investment.

So what's a struggling musician to do? Decide if you want to make music to make music or make/play for a living. Doing it for a living is indeed a noble calling. Many are called but few are chosen as it were. IF you are heading the call, you'll need to string together as many income opportunities as possible. Music streaming, licensing, live shows, private shows, killer merch that people want to wear whether they like your band or not etc.

For those making music for the shear love of it, you really don't have to worry about all of this which is an enormous burden you don't have to carry.

It's up to you to make the call smile.gif
Todd


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Palacios
post Feb 20 2014, 02:30 AM
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QUOTE (Todd Simpson @ Feb 19 2014, 01:44 PM) *
The music industry is an ever changing beast as we all know smile.gif The digital pennies from streaming aren't going to make up for the analogue dollars from the "old days" of selling physical units (value added plastic). So musicians seeking income have to learn to adapt as we've talked about before.

These days you have to combine multiple income streams to make it work. Live shows, and Merchandise remain power generators of income for those in the top tier of good sized fan bases where the music itself is a loss leader to get people to come to shows and buy merch.

In the middle level and below it gets a bit tougher. Newer artists without a big fan base usually lose money touring. They may break even on merch. They usually lose money on physical media/cds etc. Labels used to pay for this for 5 years or so as "artist development". Those days are gone and artists have to develop themselves until they become a viable brand/biz and a label can justify the investment.

So what's a struggling musician to do? Decide if you want to make music to make music or make/play for a living. Doing it for a living is indeed a noble calling. Many are called but few are chosen as it were. IF you are heading the call, you'll need to string together as many income opportunities as possible. Music streaming, licensing, live shows, private shows, killer merch that people want to wear whether they like your band or not etc.

For those making music for the shear love of it, you really don't have to worry about all of this which is an enormous burden you don't have to carry.

It's up to you to make the call smile.gif
Todd

Unfortunantly classical guitarists usually end up in the bargain cd section. smile.gif
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Cosmin Lupu
post Feb 20 2014, 09:08 AM
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Todd stated the exact way in which things are functioning. It is very difficult to live exclusively off music so I think that an artist nowadays should understand that he needs to understand, learn and act in some other fields as well, in order to be able to raise his chances of success.

In Romania, 95% of the artists are VERY sad and deranged about the fact that they are not earning money, but then again, all they want to do is sit and wait for God to reach his almighty hand down on earth and give them an everlasting tour in which they play in front of huge crowds and earn lots of money laugh.gif We all know that's no possible smile.gif If there be the case, get a part time job and build your dream... or do ANYTHING and build your dream.


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Darius Wave
post Feb 20 2014, 11:48 AM
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For many ears I was lucky to be a part of something bigger where someone else took care of management, someone else was "the face that's selling". Unfortunately those projects where having bad and good times and...finally they passed away. Now I'm at the point where I need to start doing things on my own. So Ken is right IMHO. It's most comfortable for a instrumentalist to be a part of something bigger where You get paid.


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Cosmin Lupu
post Feb 21 2014, 08:36 AM
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QUOTE (Darius Wave @ Feb 20 2014, 10:48 AM) *
For many ears I was lucky to be a part of something bigger where someone else took care of management, someone else was "the face that's selling". Unfortunately those projects where having bad and good times and...finally they passed away. Now I'm at the point where I need to start doing things on my own. So Ken is right IMHO. It's most comfortable for a instrumentalist to be a part of something bigger where You get paid.


It has it's upsides - you get payed and you don't have to worry about anything else aside your part, but the downsides exist as well - you have to do what you are told, you have to play some stuff you don't like, more often than not and you cannot change some things which are clearly for the best in the band's long term activity. Some people are just not meant to lead, but they stubbornly stick to it - I had my fair share of dealing with that.

I like the idea in which you are responsible smile.gif The next move can take you sky high or ground you or ...just take you to the next move smile.gif I salute your initiative and I think that doing things on your own is the best and most honest way for the soul smile.gif


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klasaine
post Feb 21 2014, 04:19 PM
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For those that are interested in the darker side of art and finance ... as well as seeing your heroes as mortals.
http://www.goodreads.com/book/show/7972484...e-me-your-money

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It's a great read but it's not pretty.

This post has been edited by klasaine: Feb 21 2014, 04:22 PM


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Darius Wave
post Feb 21 2014, 04:58 PM
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We have to stop doing threads like this before we all loose our motivation tongue.gif


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klasaine
post Feb 21 2014, 05:14 PM
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QUOTE (Darius Wave @ Feb 21 2014, 07:58 AM) *
We have to stop doing threads like this before we all loose our motivation tongue.gif


Knowledge is power.
Or ... know thine enemy.


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PosterBoy
post Feb 21 2014, 06:21 PM
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Look at how many famous musicians are doing the Monthly subscription online lesson website thing as additional income.


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Todd Simpson
post Feb 21 2014, 10:27 PM
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I hear ya smile.gif Hopefully threads like this serve to give folks insight in to what's no longer working and what might work in the future. But yeah, it can be a bit of a downer smile.gif

QUOTE (Darius Wave @ Feb 21 2014, 10:58 AM) *
We have to stop doing threads like this before we all loose our motivation tongue.gif


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Cosmin Lupu
post Feb 22 2014, 01:22 PM
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QUOTE (Todd Simpson @ Feb 21 2014, 09:27 PM) *
I hear ya smile.gif Hopefully threads like this serve to give folks insight in to what's no longer working and what might work in the future. But yeah, it can be a bit of a downer smile.gif


For me personally, it would be more of a downer to be left in the darkness in respect to knowing what works and what doesn't work, as Todd stated. The one who knows AND acts, is the one who's powerful indeed smile.gif Let's keep ourselves informed, as ugly as the truth might be smile.gif


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Darius Wave
post Feb 22 2014, 03:19 PM
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Last 10 years passed like a one week for me and the world has changed a lot during those. We have to handle the new order of things and get used to it. The only common thing trhough all those changes of music market is the question You always ask to Yourself, no matter how hard it becomes to be musician..."Why am I doing this". If the answer is "because I love music" then You'll survive smile.gif


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Caelumamittendum
post Feb 22 2014, 04:16 PM
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Hah, that's both sad and funny at the same time, but still not surprising the way the music business has been going.


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