Us-un Report

The New Music Business (Part 1 of 2)  A disturbing new music industry statistic claims that artists will only get 12 percent of the $43 billion the industry generates annually. According to the report, the industry's $43 billion year of 2017 was its most profitable since 2006. Listeners are spending more money than ever before, largely on streaming and live music, with consumer spending totaling more than $20 billion last year. Companies like Pandora & Spotify are financially hitting songwriters hard. Why? As middlemen including labels, radio companies and streaming services step in to sell and distribute music, they each take cuts of the profits, siphoning revenue away from both the songwriters and their recording artists.  Yet it's not all bad news. The report points out that the piece of the revenue pie that artists receive has actually grown over the past few decades, rising to 12 percent from just 7 percent in 2000 as artists explore routes like self-releasing their music. Artists' cut will likely co