Submitted by coolguysteve21 t3_yapfoo in Music
Disclaimer: I am a layman who listens to music for fun I have no connection to the industry so don’t take any of this for fact
After the article that got popular yesterday about Blink-182 and ticket master got popular I started doing more research into it and man it sounds like the music industry is fucked in todays age.
So from what I read (this will all be based on if you had a good contract with a label) musicians used to release an album and then from that album get a portion of cd/tape/album sales then they would go on tour and get a portion of those sales and then a portion of merch sales. In the end it sounds like if you had a good contract you could make a nice living as a semi big musician.
Now with streaming adding the biggest middle man there could be, the artist has to split its streams with the record label, and the streaming company. So to make up for their loss they go on tour, but on tour they realize they are making less money, Ticketmaster comes to them and says “hey I know how to help you make more money! You are losing it to scalpers. So here is a sweet program that lets you sale your tickets so you are getting the most profits you can… and we make a little percentage.” They start making the money back but not all of it so then they increase merch prices as well.
Bada boom bada bing. Slowly and surely the average fan can’t afford tickets anymore or they max out their credit cards to see their favorite band live.
Now does this mean the artist is off the hook? No. I think it is sad and some artist have even put there foot down somewhere (some would cite Pearl Jam and RATM I don’t have evidence of that though)
Even my favorite artist The Boss Springsteen is probably the worst most recent perpetrator of this.
At least that’s the way I see it.
What do you guys think?
zoqfotpik t1_itc740q wrote
"The music business is a cruel and shallow money trench, a long plastic hallway where thieves and pimps run free, and good men die like dogs. There's also a negative side."
--Hunter S. Thompson