"Instead of receiving a wage from a single employer like most occupations, music artists have what are called income streams."
"Overall UK album sales fell by 11.2% in 2012, according to the British Phonographic Industry (BPI)."
Nowadays, instead of buying the physical CD Album - People choose to purchase they're music online. For example, buying the entire album on Itunes, or downloading illegally. From itunes, the actual artist makes roughly 10% - 40% of the money made - so how else do they make their money?
- Touring
- Merchandise
- Ticket sales
- Sponsers for advertisements
Advertisement for Miley Cyrus' 'Bangerz' tour.
Beyonce merchandise
Ticket Sales
Sponsored advertisements
These are a few of the ways musicians make money these days - they are hugely dependant on funds and hard work in order to continue their income. It is not necessarily talent which helps them succeed now, it is finding the right connections and knowing the right people.
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