Some chastening stats… Songwriter Scott Alan reflects on how the digital revolution has affected him:
I was once pulling in over 4K a month for my seven album releases. These sales were an accumulation of iTunes, Amazon, CDBaby & even Spotify Streaming sales. Mostly digital, some physical sales. My sales went to paying for rent, food, cable, electricity and further album releases. I had some extra money left over to buy gifts or take myself out on a nice dinner date or two but most of that money went to living in an expensive city.
Since the release of Apple Music my sales per month are below $500, with Apple Music paying me an approximate (and measly) $50 for streaming services per album. Yes, that is how large my drop has been. The only reason my sales are even at $500 is because the physical sales for my latest album are providing me income. Spotify and Apple Music pays between $0.006 and $0.0084 per streaming. Per purchase of an album on iTunes, most artists earn an average of $6.00 – $7.00 and .60 – .70 cents per song sold on iTunes. That is a HUGE DIFFERENCE in income. And I am one of the rare independent artists who own 100% of their income. Most don’t.
[HT Mark Shenton]