Tuesday, February 16, 2016

The album is not dead—yet

http://www.economist.com/blogs/prospero/2016/02/music-industry


...musicians from all corners of the industry—mainstream, middle-tier, independent, up-and-coming—continue to create albums. They are artistic statements, and build a body of work that artists can not only be proud of, but build tours around. Spotify suggests that albums are still worth artists’ while on a fiscal level, even though they pay rights holders a seemingly measly sum of $0.006 and $0.0084 per stream. In 2013, they estimated that monthly royalties for a niche indie album were more than $3,000, $17,000 for a rock album, and $145,000 for a top-ten album. Global breakthrough albums could reap around $400,000.