Quote:
Originally Posted by
boinkeee2000
Generally, how many placements does it take to generate a 20-30k/yr PRO income? I have a feeling its in the 1000's
The answer of course is that all depends. This is a game of numbers - there is zero doubt about that. Tons of INCREDIBLE music that you write over your live will go virtually unused, and stupid throwaway stuff will get used dozens of times. For no apparent reason. so, the numbers are critical. I've been doing this a long time, and I cannot even speculate about what gets used, why it gets used, and for how long, etc..
I'M GOING TO BASE MY SPECULATION ON THE PRO BACK-END ROYALTY SCENARIO. FRONT END SYNCS CAN CHANGE THIS, but most high end libraries that can get you in the good shows don't do front end sync sharing IME.
Guessing I'd say :
# of songs - I'd say 1000+. # of placements - thousands.
That of course is based on the "old school" paradigm of how things USED to work. What's upcoming is anyone's guess, but with Netflix, Amazon, etc. looming on the horizon, it could easily take 50,000 placements to make that money 10 years from now if everything goes streaming. And no, I didn't just pick a number out of my @$$.
From my limited experience with them, Netflix pays about 1/100th of what cable does. And cable pays anywhere from a few cents - $0.18 to maybe a couple bucks per placement these days. So move the decimal point over two positions, and divide 30,000 by it. As I look down the digital streaming porting of my royalties, the vast majority of placements are paying $0.01 per quarter. And there are hundreds of them. Netflix seems to pay the best, and I actually had a $30 payout on a single placement from them this last quarter. That was record breaking. Most in the less than a dime category, and few hit the few dollars, but mostly pennies to a single penny. Hulu is next, Amazon seems to be the worst.
I actually got interested, so I'll even do the math for you. I just grabbed ONE placement that is/was on a popular cable show that's been ported over to Amazon. It ran for a minute and fifteen seconds, which is a LOOOOONG placement in a cable TV show. This is over ONE quarter, so we'll multiply by 4 for the yearly total.
$30,000 / 0.16 (0.04 x 4 = 0.16) == 187,500
According to my calculations, to make $30,000 per year, you'd need 187,500 Amazon / Netflix style placements. And I'm being generous here. Most placements don't last 1:15, and a BUNCH of them will be on shows that are not as popular as this one. Bottom line, best case scenario, I think you could safely say that you'll need at least 100,000 placements on streaming sites to make your numbers. These are hard numbers. But they are reality, and backed up by years of streaming numbers on my royalties.
Now of course, we have not entered total domination by streaming yet, and no one really knows the future, but it's fairly obvious to me that this game is ending. My buddy who worked 4 years on a popular series for Netflix has been hit squarely in the face by this. His dream of multiple 10's of thousands per quarter turned into a few hundred a quarter. $300-400 to be exact. This is for hundreds of cues and hundreds of minutes of placements. There are probably a few people in the world with numbers of placements over 100,000, but the possibility is more difficult than winning the lottery.
I'm very sorry for guys like yourself who are just starting. Your best bet is to figure out other ways to earn good cash for living and do writing for the joy of it, hoping that possibly someday, the governments will pull their collective heads out and figure out a way to stop high tech from raping the creative communities.
With robotics and AI coming quickly (tried driving a new luxury car lately???) the age of the middle class is waning I think.....
AND YET, I am thankful on this Thanksgiving day. Blessed to do what I get to do. Happy Holidays everyone!!