Making money in the music industry is not always as simple as negotiating salary and wait for your paycheck to come. Wage structure of many jobs the music industry is based on the percentages of deals to once and for freelance work style, but the music industry and various professions pay in different ways. For this reason, the profession of music you choose to have a significant impact on the way you make money in the music world. Here, you’ll find how singers make money.
How Singers Make Money Online and Offline
Katy Perry VEVO has estimated yearly earnings of between $1.4M – $11.6M, according to Social Blade
I think because the”online” equals” music piracy,” the pop stars of your favorite never make any money from those millions and millions of clicks on YouTube videos of their own. But YouTube is fast becoming the place – certainly more so than MTV ( which rarely pay artists cents) – where fans can increase the budgets of the singers and poets.”
Once you have the audience, you can make money,” says Courtney Holt, a former executive for MySpace Music and Chairman maker, which was founded by leading filmmakers YouTube.” Generate public really hard.”
Last year “PSY Gangnam Style” gets more than one billion Hits and made an estimated $800,000 to $2 million in revenue, and depending on what you think the source.
Also Read: Tips to Promote your Music On SoundCloud
Top 10 Music’s Money Makers of 2013
- Bruce Springsteen $33,443,606.64
- Roger Waters $21,160,131.06
- Van Halen $20,184,709.91
- Kenny Chesney $19,148,525.24
- Dave Matthews Band $18,903,334.14
- Tim McGraw $18,329,167.89
- Jason Aldean $17,578,651.96
- Justin Bieber $15,944,293.10
Source – billboard.com
Singers make money in all different ways. If recording songs, than they will get paid in royalties whenever the songs are sold or used in the programs or movies. They also get paid to do live performances by generating ticket sales. Some singers provide $5 per day singing on the corners in the garden. Some of the singers, even dead ones, make up to 100 million dollars annually. It all depends on your popularity and your audience.
Songwriters, and in many cases the musicians, earn money from several different types of royalties.
Performance rights royalties come from radio play, live performances, clubs, and even the songs played in stores, restaurants and elevators. Mechanical royalties, on the other hand, are paid to songwriter whenever make a copy of one of their songs.
The total amount does not go to the musician though, even if he or she wrote and performed the song. So this is how singers make money, let us know your views in the below comments.