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Is it actually possible to make money from music anymore?

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Re: Is it actually possible to make money from music anymore?

Postby ReadySaltedChris » Wed Feb 14, 2018 2:07 pm

ManFromGlass wrote:I don't have the facts to back this up but I have heard that the bulk of PRS distributions go to film and tv composers rather than for album sales. Years ago it was the reverse.

Never seen a breakdown of where it goes. Would be interesting.
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Re: Is it actually possible to make money from music anymore?

Postby Kinh » Thu Feb 15, 2018 11:09 am

I think everyone here's fixated on doom and gloom. You can make a lot of money in music even now and you dont necessarily need to be the artist. There are many producer examples. Besides publishing there's also performance royalty + your 2 point (or whatever) producer royalty.

The way I see it, if you dont have a strategy and you just set out to be a producer or a songwriter or a engineer you probably wont do too well. But if you take an entrepreneurial route or offer a service other's aren't you will prosper. I think everyone tries too hard to do the same thing and it just bottlenecks not just in music but business. My sister's marketing business failed, by brother's construction business failed, not out of lack of effect, they just didn't offer anything new and every industry has become ridiculously competitive.

People in music should be setting their sights on Asia in my opinion, especially Japan. Something big is about to happen in that region. I can feel it in my bones.
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Re: Is it actually possible to make money from music anymore?

Postby BikerDude » Thu Feb 15, 2018 4:55 pm

Still Vibrations wrote:
BikerDude wrote:As it is now. In terms of being a recording artist. Even if you succeed it's more or less a dry hole. Except for the handful of mega acts. Beiber, Gaga that ilk.

And that's an important point. A few years ago a classical saxophone CD I wrote the music for was featured in the most respected classical saxophone magazine in the world. They didn't review CDs, they only wrote about CDs they recommended. The CD was described by their specialist classical music reviewer as:
"This is a thoroughly enjoyable collaboration of saxophonist, pianist, and composer who all worked exceedingly well together. In addition, there are several outstanding new additions to the saxophone library .... This is definitely must get CD"
It resulted in no sales whatsoever. I don't understand how excellent reviews seem to have no effect.

Because nothing sells a lot.
If your album is number one on 2 of the billboard charts and it still only sells less than 50,000 units total then how many does the average sell?
Barely any.
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Re: Is it actually possible to make money from music anymore?

Postby BikerDude » Thu Feb 15, 2018 4:58 pm

Kinh wrote:
BikerDude wrote:Well to illustrate the real issue.
The band Blackberry Smoke has announced that they are coming out with a new album.
Their last Album debuted at number one on both the Country and Americana billboard charts. Basically you can't do better. Total sales in the US were 48,000.
Once you take out productions costs, the cut of the label and all the other stuff I guarantee that they would make more money working at Walmart.
They remain a band by touring. That's what pays the bills.
The recent changes to streaming royalties may make a very big difference but only time will tell.

As it is now. In terms of being a recording artist. Even if you succeed it's more or less a dry hole. Except for the handful of mega acts. Beiber, Gaga that ilk.
I think you need to sell a few more records than 48k to have a #1.

No you don't.
That's how crappy cd sales are.
And now best buy and target have announced that they won't be carrying cd's any more.
There is streaming but it doens't pay shit to the artists.
It's better now with the latest changes but still so so at best.
https://en.wikipedia.org/wiki/Blackberry_Smoke
Blackberry Smoke released their fifth studio album, Like an Arrow, on October 14th, 2016 via their own record label, 3 Legged Records. The album landed at #1 on the US Billboard Country and Americana/Folk charts as well as the UK Rock and Independent Albums charts during release week. Past record labels include Southern Ground and Rounder Records. The band announced their 6th studio album, Find A Light, set to be released on 6th April. 2018.

Like an Arrow
Release date: October 14, 2016
Label: 3 Legged Records
12 1 — 2 3 8 1
US: 48,000[22]
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Re: Is it actually possible to make money from music anymore?

Postby ManFromGlass » Fri Feb 16, 2018 1:13 pm

The PRSs are slowly trying to work out a viable royalty payment process for music streaming. It sounds like a very daunting challenge. For example - some surfer finds your track and only listens to 5 seconds of it before moving on. How do you track that and work out a fair royalty payment? How do you police and enforce non-payment from country to country? Even now every PRS has their own system. A percentage of collected money gets "stuck" or remains unpayable for many reasons.
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Re: Is it actually possible to make money from music anymore?

Postby Kinh » Sat Feb 17, 2018 11:42 am

Streaming is chump change. It's time the industry starting figuring out ways to eliminate it all together not promote it. One way is technology. Developing a device that makes listening to music more enjoyable than streaming or youtube I think would be a good idea.

I agree people aren't buying music as much, there's no question there but they aren't not because it's expensive but because it's too cheap so they refuse to pay for it. I think the only way over this hurdle is as I said, invent technology that gives it perceived value like the CD did from the cassette.
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Re: Is it actually possible to make money from music anymore?

Postby Hugh Robjohns » Sat Feb 17, 2018 12:09 pm

I think the Genie has escaped from that particular bottle. There is no 'technology that can give music a perceived value' -- value is a human perception and pre-recorded music is now perceived to be valueless (ie. free) by most people.

H
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Re: Is it actually possible to make money from music anymore?

Postby Sam Spoons » Sat Feb 17, 2018 1:35 pm

I think that horse has well and truly bolted. The perceived value of music has fallen through the floor and we can't play the quality card as most listen to music on a smartphone or laptop.

edit :- yup...... I know, Hugh got there first.....

It's also becoming more and more difficult to find anything truly original so the incentive for those interested in music to buy new music is limited as most is derivative.

It's very sad for those wanting to make a living from music but it seems performance (whether it be busking in the town centre to playing festival and stadiums) is the only way for most these days.

On the up side (and I may be wrong here) there seem to be more opportunities to play original material than there were 30 years ago and audiences seem more interested in listening.
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Re: Is it actually possible to make money from music anymore?

Postby djlamberto1 » Sun Feb 18, 2018 10:26 am

with the concerts you make money
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Re: Is it actually possible to make money from music anymore?

Postby ManFromGlass » Sun Feb 18, 2018 1:37 pm

A composer friend told me that music and composing is the thing you do at the end of the day after you have finished all the biz stuff - marketing, promotion, paperwork and invoicing, strategizing, playing telephone tag, etc etc. all the 1001 things necessary to run a successful business. I didn't go into music to become an entrepreneur with business skills but have no regrets learning those skills. But all this so people think what I create is free? I don't think so.
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Re: Is it actually possible to make money from music anymore?

Postby artzmusic » Sun Feb 18, 2018 3:11 pm

So I offered a piano player an opportunity to play a certain small gig which yielded only tips. He refused because their was no guarantee of at least $100. So I played it. Tips and CDs came to $140. Ha!

We took in a Don Kelly show to see his current lineup which includes a real showman bass player from Memphis. I've seen Don since the 80's and many world class musicians have debuted in his band. They PASS THE HAT unabashedly for their paycheck!

Don't miss this clip where the drummer falls right through the front window into Broadway.
https://www.tennessean.com/story/entertainment/2016/01/30/video-drummer-falls-out-window-roberts-western-world/79565172/

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Re: Is it actually possible to make money from music anymore?

Postby CS70 » Sun Feb 18, 2018 6:06 pm

Sam Spoons wrote:It's also becoming more and more difficult to find anything truly original so the incentive for those interested in music to buy new music is limited as most is derivative.

Well, it's easy to forget but when you're 12 or 13 _any_ music is original. It doesn't matter that it's a I V VI IV, the first times you hear it, it's incredibly beautiful and catchy! Truly marvelous.

It's only our ..er.. wiser ears :-) which make us think that certain music is derivative (and certainly most stuff is, and not just now but since centuries..) - and it's not case that a lot of the music market was (and is) for quite young people.

I think we've lost a generation. But new kids don't have to think that recorded music is worthless - if there's way to pay for it and it's not possible to steal with impunity, recorded music will still be very interesting I think.
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Re: Is it actually possible to make money from music anymore?

Postby blue manga » Mon Feb 19, 2018 6:46 pm

As has been said PRS is pumping out the dough... MCPS also...
There's so many ways n models of making dosh with music - it's impossible to list them and examine each industry / sector...

Know what you want to do.
Know how that makes money.
Be honest with yourself if you are or ever will be good enough.
Work intelligently & passionately 24/7 to achieve it.
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