Originally published at: http://www.myce.com/news/music-industry-expects-huge-growth-revenues-thanks-streaming-services-82456/
Revenues of the worldwide music industry is rising, partly due to streaming services, according to the American business bank Goldman Sachs who estimates that total revenue of the industry will grow to $41 billion a year by 2030.
And how much of that is going to the Artists whom gave them those revenue income??? Probably “0”.
The same percentage that they agreed when they signed the contract, that is how this works.
if your work is good, and it sells well, you demand a higher percentage for your next piece of work.
I don’t hear the artists voice here though…
The artists should atleast have a percentage on that income, without them no music will be made?
It’s why Artists are online now and not using the Studio Greeds that is why. Artists are now going out into the wild right to the consumers and making their own albums.