View Single Post
Old 27th October 2020 | Show parent
  #217
Lives for gear
 
coreyspencer's Avatar
Quote:
Originally Posted by newguy1 View Post
More artists are making a living than ever. Not more artists are making more money than ever. Those are very different things.

So, as a rough example, instead of 40 billion being divided by 100, there's 20 billion being divided by 1000. 1000 people are living off music instead of 100. More modestly yes, but the available opportunity to live off music has risen.

Last year DIY musicians made $873 million. DIY musicians weren't even a metric 10 years ago their market share was so low. (https://www.hypebot.com/hypebot/2020...grew-11-4.html)

And indie artists continue to be the fastest growing segment of the industry, for several years in a row now: https://themusicnetwork.com/independ...revenue-rises/

A smaller (but growing again!) pie is being more evenly distributed than ever before.
Maybe you didnt read all of the information you've shared.