Report: Musicians Receive 12% of Music Industry Revenue

not v tight

 

This seems ridiculously low (and probably is), but this also makes me want to hear comparable stats from other industries. Stuff like, in the restaurant industry, how much of the money goes to the cooks?

 

I don't know if that's the same...

 

I wonder what the current formula is for a semi-standard new contract for a new band (i.e. Lovelytheband) vs. Established band (i.e. Thrice)? It's no wonder why there are more music lawyers than there are staff working at some of these labels these days...It's a shame that the people making the art don't benefit more, financially.

 

I am unaware exactly as a whole for the restaurant industry as its very multi faceted, and I’m sure fast food has a lower percent than fine dining which requires alot more bodies. But from my experiences on a business to business basis that ive worked at actual restaurants, its generally between 20-25% to employees.

Then to break that down further it’s about another 25% in product costs, So the business has already spent 50% or more of earnings before utilities, rent, property tax, and unexpected costs. The profit margin is most times not the lions share of the pie in the culinary industry, cause all this is also kinda best case scenario.

 

I don't either, it just makes me curious. Like, obviously the musicians can't be getting 100% of the revenue, so I'm just wondering how that looks in other industries

 

My guess is that it would vary by type of restaurant. I can't imagine that a line cook is getting the same share of revenue than a chef who is actually responsible for designing entire menus.

 

Props to making it thru 15 pages on mobile. I tapped out after 2.

 

Haha, yeah whatever happened to "Cliff's Notes" versions of these hefty reads? Still, pretty interesting (yet depressing) look at the current state of the music industry.