Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Thursday, 27 November 2014

Music Today 2014

Today the successful artists generate money via - 60% Tickets, 20% tour merchandise; 10% Publishing; 4% misc; 2 to 4% Record sales. 

Adele is an exception and her 21 album of 2011 sold 30m. Her managers handle books and publishing - they are the quarterbacks and the artist is the CEO.

Over saturation is also a problem according to Adele's manager, 'The Internet content is everywhere; we're at saturation point which cheapens it. Sometimes you have to say no!  Being a gatekeeper to these opportunities is key.'

Not doing nothing but also not standing still either. Once an artist becomes a product of value, that's where the sales are.
The next step for music now is the transition from sales to streaming.   

Wednesday, 2 January 2013

The Richest Songs

The money in music is in song royalties - cover versions, radio airplays, film rights, adverts, youtube hits (60p per 1,000 plays), Karoke and so on. The Beatles were the first artists to blaze this path by writing their own songs. 
Young artists be warned though over the small print if signing a contract to a music publisher. Van Morrison has lost out on all the royalty revenues for his song Brown Eyed Girl (10m radio airplays) - because of the deal he signed in New York at 21 in which he was given a royalty rate that was virtually nil. 
The most successful bands spilt any royalties equally between them - U2, Coldplay etc.
Interestingly the woman create the hits, wheras men create the cult hits - as seen in this top ten list as most of the songs are about love, loss, longing, regret, heartbreak...  
Happy Birthday is the number one richest songs, written by school teachers the Hill sisters. Christmas songs are always big money earners and oddly many are written by Jewish songwriters.     

Top Ten Richest Songs
Happy Birthday, 30m
White Christmas, 24m 
You've Lost That Loving Feeling, 20.5m
Yesterday, 19.5m 
Unchained Melody, 18m
Stand By Me, 17m
Santa Claus Is Coming To Town, 16m
Every Breath You Take,13.5m
Pretty Woman, 13m
The Christmas Song 12.5m