『How the Music Business Makes Money』のカバーアート

How the Music Business Makes Money

How the Music Business Makes Money

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 Understanding the intricacies of the music industry is crucial for anyone working with artists and musicians. From music creation to publishing deals, distribution to licensing, and touring to artist management, each component plays a crucial role in the financial success of artists. As technology advances and consumer preferences change, artists and professionals have to navigate their way through an array of music platforms, legal nuances, and rapidly shifting market dynamics. In this episode of Riches and Rhythms, Tyler flies solo and talks about the music industry and how music makes money. He discusses the different components of the industry, the complexities of publishing music, the concept of royalties, and how artists earn them. He also touches on the challenges, including music piracy and the shift to streaming.  Finally, Tyler teases upcoming episodes featuring guest experts, including Peter Sinclair, who will delve into the investment side of the music business. Join us as we discuss: [01:06] - The 10 components of the music industry. [01:43] - The comparison between the music industry and a restaurant. [03:28] - Royalties and ownership of music. [07:05] - How artists can make money with their music. [09:22] - Fun facts about streaming and the music industry. [13:30] - The complexities of publishing music. Key Takeaways The music industry is a network of partnerships between companies and individuals in three areas — the music creation side, the customer-facing side, and the business side. Music publishing is a complex process that involves managing and collecting money for songwriters, with different types of deals available. Streaming is like the Golden Corral of the industry, offering an endless buffet of songs for customers. The music industry has undergone significant changes over the years, with digital formats now dominating revenue. Quotes "The music industry, which generated about $16 billion in 2022, is a network of partnerships between companies and individuals in three areas — the music creation side, the customer-facing side, and the business side connecting the two." ~ Tyler Martin "Music publishers help songwriters get paid for their songs, but there's a long path before that money ultimately gets to the creators or songwriters." ~ Tyler Martin "The music industry is the only place where it's perfectly normal to write love songs to someone you've never met and then perform them to thousands of people who believe you're singing it just to them." ~ Tyler Martin Links  Scooter Braun Peter Sinclair beatBread Taylor Swift Bad Bunny The Beatles Michael Jackson Uber Eats Golder Corral Connect with our hosts Stonebridge Wealth Management Tyler on LinkedIn Peggy on LinkedIn Subscribe and stay in touch Apple Podcasts Spotify Google Podcasts Partner with Tyler and Peggy If you'd like to partner or work with Tyler or Peggy, please send an email to richesandrhythms@gmail.com. Disclosure OneAscent Financial Services, LLC ("OAFS"), d/b/a Stonebridge Wealth Management, is a registered investment adviser with the United States Securities and Exchange Commission. OAFS does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by OAFS or any unaffiliated third party. OAFS is neither an attorney nor accountant, and no portion of the presented content should be interpreted as legal, accounting, or tax advice. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
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