2. Changing times
• Previously an artist would gain a percentage of an album sale each
time it was sold, for example if an album was bought at the price of
£10 then the artist would receive £2 of that on their royalties list.
• Even when Itunes came onto the scene in 2003 it affected the
amount of money in which artists received, for example if an album
was sold at £0.99 the artist would get a few pence of this on their
royalties.
3. Streaming
• The introduction of streaming apps such as Spotify and Deezer has
greatly effected the music industry with artists being reluctant to put
their music on there due to them getting only a small amount of
revenue from it.
• It has caused some upsets with artists such as Taylor Swift who
claimed she received no money from it and actually didn’t release
some of her songs on these services.
4. Revenue in which artists receive from
streaming services.
• Spotify, MOG, Rdio and other subscription services are either free
(with ads) or charge users monthly fees for unlimited streaming of
music. The quick calculation, according to one band manager: If a
song gets streamed 60 times, the songwriter receives 9.1 pence in
mechanical royalty payments. And the performing artist gets 38
pence (or splits that money, half and half, with a record label, per
contract). This is purely an example however and the amount of
money can vary due to the subscribers in which an artist has and the
amount streamed.
