“I’m getting contacted by lots of young artists who have millions of streams from 200,000 monthly listeners and don’t make the minimum wage,” musician Tom Gray from English indie band Gomez told Reuters.
That is because the money paid by consumers for major online music platforms goes into a central pot that is distributed to artists according to market share. The Help Musicians UK charity has paid 8.5 million pounds to 17,500 musicians who have run out of money for essentials. Hot Chip, a popular electro-tinged indie band, had planned a global tour through 2020. Now, the musicians and their nine-strong crew have lost much of their income, despite millions listening to their music online every month - a fanbase that might have earned Hot Chip a “bed of gold” decades ago.
We are going through a time where Caring, Compassion and Courage mean a lot.
What’s the average income of a musician?
“rage against the industry machine” nice one guys
The supply of music outstrips its demand.
CryptoCwby
bluenationmusic
They should get in touch with melodyvirtual
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »