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Devon Delfino. The majority of an artist's revenue comes from touring , selling merchandise, licensing their music for things like television, movies, or video games, and partnerships or side businesses.
Streaming is often thought of as the future of music and can provide artists with a nice source of income. This list explains some of the common duties of a musician:. Making money as an artist is not always as simple as negotiating a paycheck. Pay for musicians depends on the type of job, whether it's freelance or part of a deal. The following list outlines several methods in which musicians earn an income:. Some musicians find themselves in music management in which they handle the affairs of other musicians.
In this role, managers earn an agreed-upon percentage of the artist's income. The more the artist makes, the more the manager makes.
In some cases, the manager receives a salary depending on the overall success of their artist client or if the client wants the manager to only work with them. Some musicians become promoters for other artists or venues, making money on ticket sales. Promoters either take a percentage of proceeds from the show or agree on a fixed payment with the musician. All other money earned goes directly to the musician they promote.
Agents work in a similar capacity to managers, earning an agreed-upon percentage of show income. Agents often negotiate a fee for themselves, specifying a number they want to receive for their efforts. Those who enjoy both music and advertising find themselves in music public relations PR roles in which they earn income on a campaign basis. PR companies negotiate a flat fee for advertising a particular album release or music tour.
Companies also receive bonuses for successful campaigns as they reach certain earnings milestones for the client. Musicians who enjoy the science of sound and altering its effects often become sound engineers.
They help mix songs for artists and earn income on a per-project basis. Sound engineers who work specifically with music artists either make a one-night deal for a show or go on tour with the artist, earning income from the full tour and per diems. Those engineers who work exclusively with a venue, such as a bar or a club, receive an hourly wage.
More groups are releasing dedicated apps or subscription packages for their music or selling bespoke products like artist-curated festivals, email subscriptions and limited music releases. Pitbull has his own cruise. And yet, the average modern artist is still strapped for cash. By recent research estimates, U.
Another reason: the sheer number of brokers, middlemen and other players in the music industry, as detailed above. Good news: The music industry has now accepted streaming as its revenue-leader and is poised to adapt around that, with many analysts and experts expecting that the business will streamline itself — with rewrites of law, new royalties negotiations, mergers, acquisitions and consolidations — into something leaner and, finally, more lucrative for musicians.
Bad news: No one knows when that will be. The buzziest word in music this year is the one that used to be the most utterly boring. See Also. Newswire Powered by. Close the menu. Rolling Stone. Log In.
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