Except for the most popular artists, they seem to make very little from streaming.
Except for the most popular artists, they seem to make very little from streaming.
As fucked as royalties from streaming is, mostly also due to the Big-3 music labels royally fucking artists on the way and blocking streaming services to actually pay the artists more, at least now there's a way for the vast majority of artists to release their works to the world.
So in a sense the music industry hasn't changed: a few artists still make the bulk of money, but it gave a much larger avenue for upcoming artists to find an audience.
There used to be space for these musicians to eke out a modest but sustainable living touring a circuit of these types of gigs and festivals, but streaming really has killed most of it off. They could record a CD for a few thousand dollars and print maybe 5,000 copies, knowing that would turn into $50,000 - $75,000 of revenue at $10 to $15 per CD that they would mostly keep.
But the crowd just don't buy CDs at anything near the rate that they used to. Now most of those musicians make most of their living by some other means and the music has become the side. It's very unfortunate.
This fact is often repeated by the PM at 1am when they are loading box after box of merch onto the truck.
I saw a band recently in a 600 capacity venue. It was probably 70-80% full. Near the end the singer said the tour was losing money so please buy something.
Of the metal bands I usually see, I assume the majority have other jobs.