How are musicians and songwriters compensated when their music is played on the radio, sold on digital platforms, webcast or streamed on interactive services? Click through any of the infographics below to see how the money flows for on US-based sales, performances and streams.
The information in this infographic is subject to change based on ongoing litigation, business model development and federal policymaking. FMC does its best to keep up with these changes and update the infographics accordingly. read more
Away from the aisles of brick and mortar retailers, independent game sellers have been experimenting with new marketing models. Some of their sales strategies may even prove valuable for musicians and record labels. Product bundling — along with strategic timing, live and variable pricing and charitable giving — are providing a range of incentives for potential customers to support artists and developers.read more
[…] One of the more interesting bits of data presented during the panel had nothing to do with startups but should be looked at and analyzed more in depth. Kristin Thomson, an Artist Revenue Expert at the national nonprofit Future of Music Coalition, presented those in attendance with a new study that showed most artists earning over 100k a year counted their accountant, lawyer and webmaster as their three most important team members. This needs to be looked into further because as Thomson pointed out, there is no way of currently knowing if these artists have that level of success because of the accountant, or if they have an accountant because they have reached that level of success.
At SXSW last week, YouTube unveiled a new opportunity for indie bands called Musicians Wanted. According to a recent YouTube post that provides some details about this program (the pitch is made by the members of Pomplamoose), "If you're a musician, and you want to make a living and do nothing but play music. . . either get signed or stick with YouTube."
New business models are springing up all over the Web to help independent musicians get revenue from their music. The Future of Music Coalition recently highlighted some of these in its “Music 2.0” series at the 2009 FMC Policy Summit:
* Internet radio. Internet radio, which is seeing an increase in listenership, plays more artists in more niche genres than traditional radio would ever be able to. Last.fm and Pandora both stream independent music and pay royalties to performers and songwriters. read more
Here at FMC, we tend to think a lot about changing business models for musicians. Certainly, many artists are still making the majority of their money from selling CDs, merch or playing gigs. Yet we’ve come to realize that musicians’ access to potential revenue — especially in today’s digital landscape — expands far beyond that.
Recently, FMC started ponder all this in a more organized fashion: just how many different ways are there for musicians to earn money? We’ve come up with 29 so far, which we list below.
Well, we hope everyone had a nice long weekend (if you got one, that is). We at FMC took a couple of days to unwind from the 2009 Future of Music Policy Summit, which took place from Oct. 4-6 at Georgetown University in Washington, DC. If you were there, you know how awesome it was. Hopefully the rest of you were able to catch the live webcast.
But we haven't exactly been slacking since this year's Summit wound down. Our Education Director, Kristin Thomson has been hard at work putting together slides and documents related to the musician-oriented programming from Sunday, Oct. 4. read more
OK, a day or so after my panel at the fantastic Future of Music Policy Summit, and I want to try and toss out a few thoughts.
First off, while I?m typically not real big on conferences, I can enthusiastically recommend this one. The values of the conference and the caliber of speakers/workshops makes this - in my mind - the go-to conference. Get yourself registered for 2010 asap.
So, my panel was entitled New Musician?s Toolbox. I moderated, and the panelists were: Duncan Freeman, founder, Band Metrics; Charlie McEnerney, Host + Producer, Well-Rounded Radio/Musicians for Music 2.0; and Alexis Rodich, Director of Marketing and Partner Relations, BandsinTown. Excellent panelists all, and certainly people/companies committed to adding value. I urge you to check out each of these companies.
I think what really hit me about the conference was that it?s the first time where I felt like the expectations of the attendees wasn?t completely whacked. I?ve been doing these conferences for longer than I care to remember, and, in fact, it was after a conference where I spoke, in which, simply because I had the suffix ?A&R? attached to my name, that my panel was over-crowded with a teeming mass of demo-wielding aspirants attempting to fast track themselves to a record deal, that I decided to write my first book telling people that foisting a demo on a fatigued record label executive in the hopes that this would somehow further your career may not be the very best strategy.
If you follow all the latest developments in digital music, from gadgets to apps to social media, then you've probably already heard of Spotify — an exciting new music service that might just be the application that makes on-demand streaming "click" with fans hungry for more ways to legally access music. So we're thrilled to announce that Spotify founder Daniel Ek is confirmed for FMC's Policy Summit 2009, which takes place at Georgetown University in Washington, DC on October 4-6. read more
Journalists love to say that programmers are going to be the rock stars of the internet age.
Friday, August 18, 2000
Journalists love to say that programmers are going to be the rock stars of the internet age. If we remember how poorly big business treats most rock stars, then that prediction might just come true. Follow FMC’s Jenny Toomey as she wends her way through the dark underbelly that is the major label system. read more