In December, we took a data-driven look at a handful of common assumptions about how musicians make money: that they’re rich; that they make all of their money from touring; and that they don’t make any money selling records. read more
In 2011, Taylor Swift made $57 million, Rihanna made $53 million and Kenny Chesney made $44 million, Forbes magazine estimates.
That’s more than almost anyone else in the entertainment industry.
Meanwhile, the Future of Music Coalition found that musicians made an average of about $34,000 off their music in America, before deducting expenses from touring and recording, while the music media tolled the same old bell of doom about the state of the music industry. […]