But which ones are really producing serious revenues? Here 32 different possible possible revenue streams for artists, as compiled by the Future of Music Coalition (FMC). The group is currently conducting a survey of musicians to figure out which streams are working the best.
A. If you are a composer or songwriter, here are possible
B. If you are a performer (think Patsy Cline), possible revenue from sound recordings...
C. Possible revenue from licensing your musical composition or your sound recording...
D. If you're a performer, possible revenue from live performances...
E. Revenue from a performer's brand...
F. Revenue from an artist's knowledge of the craft...
G. Other ways a musicians' work can be funded:
Comments Closed
Youareyou Friday, February 04, 2011
*Yawn*
Chris Rockett Monday, February 07, 2011
I would add one more money maker to the list if I may...
Just to simply build a mailing list and start selling your music right from your website as digital downloads.
This option is great because you don't have to risk printing up hundreds of CD's that might not sell and you get to keep 100% of the revenue.
Speak soon,
- Chris
Yves Villeneuve Saturday, February 05, 2011
In the name of good or popular music being created while following the consumer trend, the biggest revenue-producer the 'recording artist' should solely rely on is item #2.
Those who also like to perform live can add #19 as icing on the cake.
A cherry on top might be selling videos.
www.myspace.com/yvesvilleneuve
i say good day Saturday, February 05, 2011
mechanical royalties are paid to publishers of songs, not artists. though they may be the same person, it's probably important to differentiate them.
annie Tuesday, February 08, 2011
Mechanical and broadcast royalties actualy split between the publisher and the songwriter. (may be the same person, and if the artist has written the songs...as you say...may be the same person as the recording artist.)
i say good day Saturday, February 05, 2011
or maybe the remedy could be to not have the headline "32 ways ARTISTS can make more money," but rather, "ways publishers make money."
@Auddyaward Sunday, February 06, 2011
Auddy Award
We know this isn't why you make music in the first place, but at some point you've got to pay the bills...
@zadokband Monday, February 07, 2011
Chris Minnis
Listen Up.
@taperec Monday, February 07, 2011
daniel TAPE
... thanks to Future Of Music Coalition.
Aimee Ricca, 8 Ways To Sunday Monday, February 07, 2011
What about fan club and premium/VIP experience revenue? Artists with a strong following can make signficant income from their fan club. Also, selling premium tickets and VIP experience packages for their live performances to fan club members.
www.8waystosunday.com
kthomson Monday, February 07, 2011
Good point, Amy. We'd categorize income from fan club subscriptions and VIP experiences in the fan funding bucket (point #22). I'll add some language to our documents to make it clear what it includes.
Kristin Thomson/Future of Music Coalition
Darryl Ballantyne (LyricFind) Monday, February 07, 2011
What, no mention of lyrics licensing revenue? We've paid out millions to publishers - and growing fast every year!
NathanJE Monday, February 07, 2011
how do you make this lyrics money? I have no idea where to begin.
@revista69 Monday, February 07, 2011
69
Aquí tienes 32 maneras de hacer dinero con tu música sin tener que escribir canciones para campañas políticas...
kthomson Monday, February 07, 2011
Thanks for the reminder about lyric licensing. We'll add it to the list.
This list, which was originally posted on FMC's website in October 2009, is actually part of a multi-pronged research project that FMC is currently conducting regarding musicians' revenue streams.
Clearly, there have been changes in the music distribution landscape in the past decade. Many observers have characterized these structural changes as positive improvements for musicians, particularly when compared with the music industry of yore. While it’s true that musicians access to the marketplace has greatly improved, there has been no systematic attempt to understand if and how artists’ ability to generate revenue based on their creative work has changed in this new environment.
This is why we have launched the Artist Revenue Streams project, a multi-method research initiative to assess if and how musicians' revenue streams are changing in this new music landscape.
You can learn more about the research components and methodology on the project's page here.
http://futureofmusic.org/article/research/artist-revenue-streams
or on a recent blog post on the FMC site
http://futureofmusic.org/blog/2011/01/31/fmc-launches-artist-revenue-streams-project
Kristin Thomson/Future of Music Coalition
presnikoff Monday, February 07, 2011
Kristen,
I just asked Darryl Ballantyne @Lyricfind if he'd share more on the best ways for artists, labels, etc. to capture lyrics revenue streams. He's agreed to guest post, so perhaps we can add that to the knowledge pool.
/pr
Visitor Monday, February 07, 2011
Umm seriously?
Absurd and outdated don't even begin to cover these ideas...
this pre-historic thought process is exactly why the industry has crumbled.
Aimee R. had more relevant thoughts in her comments...
like any other business you have to transform your model and embrace the consumer's wants & needs, you have to adapt to the economic climate of the present, not use worn out ideas from the past.
@Sonicbids Monday, February 07, 2011
Sonicbids
Check out this great post...
@b1ward Monday, February 07, 2011
Byron Ward
Good stuff
@nimbit Monday, February 07, 2011
nimbit
How many of these have you had success with?
jeffb@chrysalismusic.com Monday, February 07, 2011
To be successful, you have to concentrate on both new media and so called traditional media sources of income combined.
It is not an "either or world"; it is not a "digital vs. non digital world"...It is a world of both.
All are essential for a career and all make up the all important royalty stream needed by artists and writers.
Whether it's licensing for motion pictures, television, commercials, the Internet, Broadway, downloads (both permanent and limited), streaming (both interactive and non interactive), karaoke (Internet vs physical), performances, video games, lyrics on jeans, singing toys, pre-programmed smart phones, subscription services, etc,. etc., etc.,....the list of potential income producing areas is literally endless and expanding everyday.
You had better know the rules and how things work though...as things in the world of music are getting more and more complicated....But the money is there and it continues to be a world and business of unlimited opportunities for both income and artistic satisfaction.
@POLOBIG Tuesday, February 08, 2011
POLO BIG™
THIS IS GOOD INFO..
Koloni Monday, February 21, 2011
for thanks..
@jeff_makemoney Tuesday, February 08, 2011
Jeff Smith
Make$Video, cool -
@BerkleeLeigh Tuesday, February 08, 2011
Leigh McLaren
make money, make money!
paddlebro Tuesday, February 08, 2011
Thanks for posting this great info.
One little known niche addition to #29 is music preparation (copying, orchestrating) for TV/Film. If done under AFM contract, copyists and orchestrators can participate in back-end profit sharing. However, this is changing too. More and more TV/Film music work is being done non-union.
Eric Jensen
www.ericjensenmusic.com
@RockstarMindset Tuesday, February 08, 2011
Rockstar Mindset
I consider this the short list, incl comments. I esp like what jeffb@chrysalismusic had to say.
@theDS3group Tuesday, February 08, 2011
DS3 Entertainment
Music peeps: Pls follow @theDS3group & Read this article!
@fanaticfm Tuesday, February 08, 2011
fanatic.fm
Please include fanatic.fm in a list :)
@BTSForScales Wednesday, February 09, 2011
Allan Haapalainen
great article! Thanks for sharing!
@wizwow Wednesday, February 09, 2011
Don GIannatti
hmmm.... lawncare, drive a cab, work at Kinko's, be a manager...
James Chatman Monday, February 14, 2011
Extremely underrated income stream. Many unknown artists are making a full-time living out of their music through premium subscription services. A great case study for this is Matthew Ebel. Ariel Hyatt wrote an article about him on Music Think Tank:
http://www.musicthinktank.com/blog/in-defense-of-1000-true-fans-part-ii-matthew-ebel.html
ALSO
If you get the chance, please check out my personal blog at http://jameschatman.wordpress.com/
@luisermusica Monday, February 21, 2011
luiser
Al menos 75% de ellas son inaplicables en Venezuela...
At least 75% of these aren't applicable in Venezuela ...
OUR SPONSORS
© 2011 All Rights Reserved
Follow Us