Study: Artist Income Grows While Labels “Suffer”

Amongst all the doom and gloom about falling revenues in the music industry, little attention has been paid to the monetary success, or otherwise, of artists themselves. According to a study, however, it turns out that they’ve actually been doing very well (how do you feel now, Lily Allen?).

The UK’s The Times has shown that “revenues accrued by artists themselves have in fact risen over the past 5 years, despite the fall in record sales.” The main reason for this is ticket sales from gigs, but a larger share is also coming from PRS revenues (“royalties collected on behalf of artists when their music is played in public”).

The Times also notes that industry revenues as a whole have grown in this period, although not by much.

What this clearly shows is that labels need to start sucking more from their artists’ labor. Personally it brings a tear to my eye to see label executives without their swimming pool extensions. The likes of Chris Martin, Lily Allen, and Beyoncé need to start donating more of their income to the greater good (of executives). Who would have thought the solution to the music industry “crisis” would be so easy!

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