Pop Music Revenue Streams - Part 3
Delivered March 27, 2020. Contributor: Mila R.
Goals
To identify specific revenue streams of pop music singers focused on platforms useful to independent artists with self-distribution by including a short description and average earnings.
Early Findings
- A short description of revenue streams and the average earnings for them are presented on the attached spreadsheet.
- Digital sales refer to revenue earned from songs or albums downloaded by listeners. Average earnings per downloaded album are estimated at USD 6.50.
- Songwriter Award Programs are available to artists who compose their songs. There are numerous awards offered by the American Society of Composers (ASCAP) for which pop singers are eligible.
- SoundExchange is the platform that manages royalties for digital performances. Some new artists have reported earnings of approximately $15,000.
Research proposal:
Only the project owner can select the next research path.