Although music industry profits reportedly climbed by nearly $1.5 billion USD in 2017, new findings suggest that the musicians at the heart of the industry were barely compensated for their work. Citigroup posits that of the approximately $43 billion USD generated last year, recording artists only received a paltry 12% of total profits, with the "bulk" of the money earned from tours. The revenues are a 12-year peak for the industry, which hasn't generated this much cash since 2006. Streaming, pu...
Although music industry profits reportedly climbed by nearly $1.5 billion USD in 2017, new findings suggest that the musicians at the heart of the industry were barely compensated for their work. Citigroup posits that of the approximately $43 billion USD generated last year, recording artists only received a paltry 12% of total profits, with the "bulk" of the money earned from tours. The revenues are a 12-year peak for the industry, which hasn't generated this much cash since 2006. Streaming, pu...
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