15 Replies to “November 2 (Part II)”

  1. I love how many ways there are to make money in the music industry. I was familiar with a lot, especially after being in this class, and I saw “Sound Recording Special Payments Fund.” It’s basically a way to help musician companies and American Federation of Musicians of the United States and Canada to record by using Sound Recording Labor Agreement. The companies then pay SRSPF which is given among the SRSPF musician employees. I know I didn’t explain that well so here is some Q and As from the SRSPF website: http://www.sound-recording.org/faq#1

  2. These revenue streams are helpful for musicians to make money as you go through the list. It also gives you information on unions, groups and etc. You need to understand the difference so it won’t be a confusion on what to do when in the music industry.

  4. The list of revenues for artists is simple and categorized by recording artist, brand, songwriter, fan, etc., and I think it is a helpful tool to use for studying the terms in our class. One revenue category that stood out to me is the brand-related revenue which includes merchandise sales, fan clubs, YouTube, product endorsements, and acting. I believe the brand of an artist is the most important aspect because people need to know who you are and want to connect with you after liking your music. This article from Forbes discusses how merchandise and logos are more than just sales, but let more people know who you are from a fan wearing the artist’s shirt, which in turn leads to more revenue opportunities.

    https://www.forbes.com/sites/hughmcintyre/2017/04/17/the-new-role-merchandise-plays-when-creating-a-musicians-brand/#1e923e4f29e6

  5. A lot of those jobs wouldn’t be for me, but I could see this being very handy for those majoring in music or feel like there’s nothing to do for good money with their degree.

  6. Contrary to popular belief, there are actually plenty of ways to earn money if you’re a songwriter or performing musician; obvious ones like merchandise, retail/digital sales, and royalties; and less obvious ones such as sheet music sales, ringtones, and synch licenses. There were a couple I knew nothing about such as AARC royalties and Neighboring Rights royalties. According to SymphonicDistribution.com, neighboring rights “refer to the right to publicly perform, or broadcast, a sound recording.” The AARC stands for “Alliance of Artists and Recording Companies.” To learn more about what they do, click here: https://wp.aarcroyalties.com/what-is-aarc/

  9. There are plenty of ways for an artists to make money. In the music industry, streaming is the way to go. There is big money to be made in streaming, however that is not the only way to make revenue. This list shows all the different ways an artist can be paid for the music they create.
    Here’s an interesting read relating to the previous article regrading streaming and YouTube.
    https://www.theguardian.com/business/2017/apr/15/music-industry-youtube-video-streaming-royalties

  10. This article shows that people involved in the music industry in some capacity can make revenue. Most musicians have three, four, or even more “jobs” to supplement their main income. Our own professor is using counting on using multiple streams of revenue to make a living. I love the way the list is compiled. It places all of the streams in an organized way. There are so many ways to make money.

  11. Although making money through streaming is important (and has high growth potential), I like learning about other ways that artists can make money. Most of these terms we’ve learned about in class, but I appreciate the reiterating of the applications of licenses and royalties and such. It goes to show how versatile music is and how it can generate multiple sources of income.

    http://www.rollingstone.com/music/lists/9-ways-musicians-actually-make-money-today-20120828

  12. The jobs may not suit me as a non-music major but they all look very enticing. This list is just another way for artists to make some money, as we already learned of numerous ways for artists to generate income. It really shows you the hope in the world for the music industry.

  15. I really like that a lot of the words we discussed and learned in class are all in one place and is easy to use when you need a quick refresher on the word.

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