Musicians Only Make 12% Of The Music Industry’s Revenue | For The Record 

The smart thing to do, as an artist get signed save your money do your job for how long your contract is for and when it’s over use your money that you saved to make your own label and become a boss learn the business before you step into it

They not gone tell you the truth. ARTIST are being screwed royally Labels need artists Artist don’t NEED labels Labels NEED artists to BELIEVE they need labels Labels NEED artists to be dependent upon them in order to continue to drain money out of a culture that they don’t invest in nor want the best for Most wont tell you this because they risk losing money/opportunity 🤷🏾‍♂️

Crazy how the music industry has changed so much over the years...

holy shit that room they’re in is insane, would kill to have a record collection that big

We need more CEO rappers than street Gangsters

FELLOW INDEPENDENT ARTIST'S, PRODUCER'S & MUSICIAN'S, WE HAVE TO COME TOGETHER & BUILD OUR OWN TO HELP OUR OWN!

As the author said, most of this money is coming from the live side of entertainment. The thing about live shows is there are a lot of people who need to get paid for a gig to succeed. The agent has to schedule each show and negotiate the deal with the venue for how much the artist will be paid. The promoter pays for/works out the details of each show and makes sure people show up. The manager works on developing the artist's live show, brand and business. The record company develops recorded music and makes sure the right people are familiar with it. The venue handles the logistics and actually houses the show. There are a lot of moving parts that all need to be paid. It might seem weird that the artist is only getting a fraction of the revenue, but there are so many jobs to do and if one of them doesn't get done well, everyone's bottom line suffers. And within those roles the promoter is often the one who is taking the real risk. If it costs $50,000 to rent an arena, $10,000 to handle the concert's production, and $30,000 to market a show, the promoter is paying out $90,000 for that show, not the artist. And if not enough tickets are sold to cover expenses, the artist still gets their fee, the promoter eats the loss. So when there is gain, a big chunk of it goes to the promoter, hence why Live Nation is seeing massive growth right now.

Respect for this. You guys should have a series called "What the business doesn't want you to know, but you should".

Create your own record label

yeah: 1. You dont have to join a label 2. If You Join one, you will soon realise that its a fair split. because 12% of 1.000.000 $ is still more than 100% of 2000$ Also you have to pay a LOT of people from this money, song recording, videos, managers, producers, ....

Without the lable and everyone involved to music publishing and stuff musicians wouldn't even earn 10% of those 12%.

The looks in minute 20, smiling at the camera about DT & Congress, were perfect, classic! :D

SO GLAD TO SEE DYME-A-DUZIN ON HERE!!!

It’s so crazy! I’m 💯 indie and invest out of my own pocket for everything I do. Knowing I have the option to be an owner instead of going the traditional route which is full of ppl that don’t actually care about the artist is literally everything. If a major gets involved it has to be a partnership and not a traditional deal. Better to build leverage it seems.

Why is it so engrained in people's heads that they need a label??

Important conversation. Bottom line is that money needs to be distributed more evenly than it currently is. Signing the MMA into law will push the needle in the right direction but artists need a way to directly monetize their audiences rather than being platform-dependent.

y’all are dope for covering this

Appreciate Tiffany Ballard's closing words 🙌

9 times out of 10 it's the melody that the musician or producer composed that give the singer or rapper what's needed to harmonize on a song they just have to fill in the words. Now some the best like Michael Jackson & Eminem will have the melody in their head and just need a musician to play what their mind came up with.

Just keep it real and straight to the point man. Records labels and everyone else steal and rob artists of their hard earned money. The business model of the industry has always been that way. The artist does most if not all the work while receiving the least and getting it last. It's never been in the industry's interest to be fair to or make the artist rich. It's the complete opposite as a matter of fact. No different than an employee at a 9 to 5. It's either you work for someone else or work completely for yourself. That's the system.

It costs a fortune to break a new artist/record. Most artist don't have that front money to push their records thru all the available marketing and distribution channels in a short period of time. The label is just a MARKETING firm for artists providing services/support. An artists would take on the role of the label and have to hire staff and pay operational overhead. Back in the day wasn't the artist signing to an artist manager who worked for the label they were signed to the throwback 360 deal ??? All those artists support people like artist mgrs, business mgrs, entertainment attorneys, accountants, agents etc...all take their % from Gross not Net...that's the other financial rookie move artists make... how you going to pay them from what you didn't get.

You got to be business oriented! Artist got to be smart man !

Partly, it’s right, cause most part of artist are not business man... I think this will make people think more link business man, like Jay, like chance... instead of thinking as an artist

Folks need to really know their history and get their knowledge on topics like these. This is something I talk about 24/7 365 a year because I know that the industry and anything with a business thrives off of. Period.

Streaming is ripping off artist. Y would people EVER buy a record when its free. Ask yourself who would EVER go 2 the movies when u can stream it for free? Then play crazy when nobody goes 2 the movies. Labels created this to minimize paying the artist. Straight robbery!

yh well most "musicians" dont even produce their own music. and yet there r producers with hella less money than some of these rappers who cant even write their own lyrics and no one seems to care bout that

Really appreciate the interview. The industry should change

no knowledge here man talking what a bs youtubers would talk, man it's genius wtf is this get better we as consumers expect more, set up was good by the resume but they are not dropping gems , hugely disappointed. Not to diss ya'll but I post this for u to realize that ya'll dropped the ball with this one. I'm an aspiring musician and this one was hard to sit through.

Really good episode! I like how different it is! Please have an updated one after all the MMA has passed. What it's done for the music industry and what we're seeing has changed and will change in the coming years to come

It is always been the case, the artists get a small percentage of the record sales . It was always the live shows and the touring where the bands made the big bucks!

That's why it's best to do it all. Jay-Z on it

Dyme-A-Duzin is hella underrated tbh

Do what you gotta do to pay for studio time and mixing...but personally speaking a regular 9-5 80 hrs full time job is gonna definitely take away time from the grind.

That’s tuff💀

Chefs and cooks only made a small percentage of a restaurants total food sales. This is the World we live in. The owners make all the $ that their workers do for them

Internally Grateful and Thankful...Definitely Jewels among jewels 💭

Its best to Go independent. You can control your own music put it out when you want to have a solid team behind you ppl you trust

I know Im late af & don't kill me but I just realized Rob interviewed Wiz on Taylor Allderdice..

Aye Dymez Brooklyn we in here!!!!!!!!!!!!

yo tengo

If you are going to sign, make sure you are getting the best people around you possible... if they gone take all your money make sure you can generate income outside of rap... Use your platform.

This is a tale as old as time. Just look at TLC or any of the, boy bands of the 00’s. This can go on and on.

That's harsh

The struggle is harder in Denmark

It's a crazy and sick world..

I believe authors also earn a similar percent off their books

I wish they wouldve discussed having a sound business model prior to looking to get into bed with a major. For example, what are the fundamental parts of a business that would get a musicians portfolio, or "demonstration" as Tiffany called it, off the ground to prove to an A&R that the talent is worth the investment. What do these demonstrations look like on paper, what does the artist need to present in these meetings with industry officials. Is it just a social media page, or is it actual numbers with analytics? get into detail..

Everybody saying start your own label acts like it is the for sure route to making money lol. what y'all need to be saying is "Start your own label if you're prepared to spend 10-20 years of hard work, and spending ALOTT of money for promotion with influencers, radio, hosting your own events, etc. etc." There's a harsh reality to get over when starting your own label. It isn't that simple dudes. Unless you know people in the industry, have hella money already saved to throw away, or someone puts you on, prepare for the tough Tech n9ne grind. Majors have a lock and gatekeepers that have been there since their creation that keep things the way they are for the most part. Making your own label is just the beginning of the solution..it is not THE solution. I'm not saying to sign at all, just that it isn't as simple as yall's simple comments make it out to be. Trust me, I know. #BlackBusiness5OutNow

I wounder what Prince would say?

Most of the capital is kept by managers & labels, not the artists who create the offerings.

John Lynch from BI is right, blockchain tech is where things will be for artists to be paid directly.

Rob .. Thanks for having Dyme!!! & Unlike "Every Day, All Day Struggle" Content ... Thank You for being "Hip-Hop" Genius #Brooklyn

Wow!

This is an eye opener for real!!! Now I completely understand why Dame Dash be calling out all these record execs as being culture vultures ... They be pimpin’ these artists and exploiting they’re talents man!!! It’s kind of sad

Why sign in 2018 in the first place AHAHAHAHA

Well how do we still have crazy artist out there still

Hi

Just because you flipped the burgers in McDonalds doesn’t make you deserving of more of the revenue. Burger flipper - Musician Cashier - Distributor Manager - Executive producer HR - A&R Record label - you catch my drift...

12% in a pretty big cut of revenue considering how many pieces go into making and distributing music

Great conversation

No risk no reward artists put up now money

Joe Budden put yall on!!

🗣 🗣 Where’s the “Good or Bad” for Nicki’s album?

I just figured out the Genius logo.. I guess I'm a genius!

She’s knows the most out of all of them lol

Late notification tf

I need my masters where ever I go

the word '' like '' receives only 12% of that rapper talk

let’s not forget before all the people you have to pay & etc. , that taxes alone will make a strong cut.

I think that it is all some and that's what I like

I mean, if i have a business, i wont get 100% of the cash i make also. i have to pay accountants, salespeople, buy new inventory, insurance ..... there is a lot to cover from this !! so its fairly normal you wont get all the money

She is a smart cat!!

of course they get only a smaller portion, because the artist is actually a small part of the value creation. There is so much more, and so many people involved in earning money with music, the artist is critical, but without everybody else there would be none of them earning a single penny

Still the same today. Even worse now. It's the labels and audiences to blame, and now, music quality and songwriting has hit an all time low.

@veganverb Aye Verb (BLISS) tape is Dope hiphop 🎤💯✨💚 JUST CAME OFF 8/18 Battle vs MURDA MOOK n NEW YORK CITY 🌃

Why the hell would they have that rapper on there instead of having Ashanti, Mýa , Dawn Richards and others that used to be with labels and got kicked out and started thier own label. Talk to them ... but this is a learning lesson for me as an artist.

Rob Next time have a music exec aswell because this sounds like a bunch of speculations.

I already knew these artist don't make money , why do you think Kanye made a song called New Slaves . And think about it there money has to go through a lot of people before they can even get paid . So I guess if you trying to make them coins you need to work behind the scenes .

It is my birthday:)))

It seems - incomprehensive - that there isn't for instance, any government, website, for artists to sell their art, with less than a 50% take by whoever has the connections - ? - stress-time, to invest in one of those sites, taxes being what they are. There are thousands of ways we could as capitalist, too, become an equally high producing mature equal world of nations. Can you imagine if a nation did not just parcel out necessarily at the closest skimming of all principles for hell! of securing that high a percentage of such a large industry/responsibility that completely! failed in this country under capitalist suppression - the damn' point.

G E N I U S . This is dope

This is one of those things that’s kinda obvious but once vocalized and put out there is just seems sooo much more worse

Better follow Chance the rapper, Jay Z, The Beatles...

Just start your own label. These old labels aren’t in the record business, they’re in the robbery business and always have been.

I'm confused. These labels invest six and seven figures behind broke artist, and y'all are upset that they get the lion's share of profit for the act THEY invested millions in? It's fucking business, some of y'all never gonna get that big bag if you don't understand this.

💡

Do you have to sell your soul in the music industry to be on a certain level?

And yall think being in the music industry all fun and love ... NOPE

12 percent of billions of dollars tho. Is it fair ? no. But it's a helluva lot more than u would make independent. I'd sign to major label in a heartbeat.

On the surface this looks bad. Real bad. But...when I put up all the money and assume all the risk, I deserve a large piece of the money. At least on the first contract. Tons of stories of artist that just didn’t pop. No one counts the money that’s the label (small or large) lost. Looking at profits is one thing, but let’s also discuss the losses.

Ayeeeee my comment got liked

dymez!

Evil ish man. The labels don't rap nor sing. Try to stay independent.

I don’t listen to moderndap even though it’s good but bands like phish Grateful Dead and umphreys McGee isn’t with the major labels

You also get a loan when you sign ... you have to pay all that back. So... I have no respect for anyone who signs. 80% that do also have writers who write shit for them. All these artists are these lables products. All they are trying to do is create the perfect artist .. but it actaully goes way deeper. Who knows what there intentions really are..

Curtiss king... hmm 🤔 genius

Fuck Rap get racks - GT

Topic fresh the Joe Budden podcast

That's not how business works

Don’t go to college for music kids