Why Musicians get paid in 2023!

  1. Streaming Platforms: Musicians earned royalties from streaming services like Spotify, Apple Music, and YouTube. The revenue was generated based on the number of streams their songs received.
  2. Digital Sales: Musicians earned money from digital downloads of their music on platforms like iTunes and Amazon Music.
  3. Physical Sales: Although less common than in the past, musicians still earned money from the sale of physical formats like CDs and vinyl records.
  4. Live Performances: Concerts and live performances were a significant source of income for many musicians. They earned money through ticket sales and merchandise at these events.
  5. Merchandising: Musicians often sold branded merchandise like clothing, posters, and other items related to their music, which generated additional revenue.
  6. Licensing and Syncing: Musicians earned money by licensing their music for use in commercials, movies, TV shows, and other media. This was known as synchronization (sync) licensing.
  7. YouTube and Ad Revenue: Musicians who uploaded their content to platforms like YouTube could earn money through ad revenue generated by their videos.
  8. Royalties from Performing Rights Organizations (PROs): Musicians earned royalties when their music was played on radio, TV, in public spaces, or online platforms. PROs like ASCAP, BMI, and SESAC collected and distributed these royalties.
  9. Crowdfunding and Fan Support: Some musicians used crowdfunding platforms like Patreon or Kickstarter to receive direct financial support from their fans.
  10. Publishing Royalties: Musicians who wrote their own songs earned money from publishing royalties, which were generated whenever their songs were used or performed publicly.

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Kevin Bales