1% of recording artists received 77% of all revenues from the music
Thanks to the Internet we now have much more opportunities to listen to music. But this does not allow the budding artists to get their share of the financial pie. In fact, only 1% of artists received 77% of all proceeds from the sale of records.
In the magazine The Atlantic have an idea about the state of the music business at the moment. And their story does not sound very reassuring for small music groups:
«Since the majority of popular songs are the charts for months, the relative importance of the hit has changed dramatically. Despite the fact that the number of sold records continuously growing, 10 popular bands today are quite capable to master the market share, which is 82% higher than the one that was available to them ten years ago. In this digital age, a whole galaxy of independent artists, but really earn only those who are at the top ».
blockquote> As a result, radio is becoming more and more homogeneous. Even quite popular indie bands today just do that trying to pay their bills. Dominance of certain groups and singers today virtually deprives novice artists and scarce opportunities to release new hit and "twist" on his radio. Radio is in competition with all the Internet becomes more conservative, and the airtime is allocated only to the fact that the guarantee is considered a hit.
via factroom.ru