The NEWSY video that I am using for project 4 goes into detail on how much music artists actually make from music. It gives percentages that may shock people. I was surprised at the numbers, I know that the artist did not take in all the revenue but the amount that they actually do get is astonishingly low. There was an example that if a record cost $9 the artist would get a little over a dollar from one record being sold. I find this topic very interesting because I always thought that the artist got a good amount of the money from their songs. But the truth is they don’t. The NEWSY video does a really good job of explaining how the industry works.
Have you ever wondered how much your favorite music artist makes a year? Surely they make a lot of money, artists sell a lot of albums, have hit singles, and do concerts. So naturally they make big bucks, right? Shockingly many artists barley make over $25,000 a year and need a second job to pay their bills. Even big time artists that sell over 750,000 copies of an album will maybe get 20% of the revenue. Many people don’t think about the hidden truth in the music industry.