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Economics

Impact Study: Newport Jazz & Folk Festivals Contribute Millions To RI Economy

Impact Study: Newport Jazz & Folk Festivals Contribute Millions To RI Economy

Source: Carolyn McClair Public Relations

Economic Impact Study Commissioned by Newport Festivals Foundation, Inc. Estimates Newport Jazz and Folk Festivals Contribute Millions to Rhode Island Economy NEWPORT, RI: At the request of the Rhode Island Department of Environmental Management (DEM), Newport Festivals Foundation, Inc. commissioned a study designed to measure the economic impact of the 2012 Newport Folk and Jazz Festivals on the State of Rhode Island. This study was conducted by Advantage Marketing Information, North Kingstown, RI. The results of the 19-page report concluded ...

Economics

The American Jazz Museum Posts Profit

The American Jazz Museum Posts Profit

Source: C. L. Burnett, American Jazz Museum

The American Jazz Museum has achieved another major milestone in its 15 years of existence. The Missouri-based non-profit organization officially posted a profit during the past fiscal year and began the new fiscal year in the black. Along with significant and consistent marketing communication strategies, an increase in monthly admissions and ticket sales to the museum permanent exhibits and the upward attendance trend in the Blue Room during the last quarter of the fiscal year, the American Jazz Museum finished ...

9

Economics

How Do Musicians Really Earn Their Living? [case Studies]

How Do Musicians Really Earn Their Living? [case Studies]

Source: HypeBot

The Future of Music Coalition has released data from its Artist Revenue Streamsresearch project, where financial case studies drawing from 4-12 years of accounting data provide information about how musicians are making a living today. These five case studies provide a financial profile of different types of full-time musicians. Each case study graphs and explains the musician-based sources of income over time, and the results tell a lot about the state of today's music industry. (click on chart above to ...

51

Economics

On Withholding Music from Spotify and the New Economics of Album Releases

On Withholding Music from Spotify and the New Economics of Album Releases

Source: HypeBot

Don't care what anybody says, artist has a right to withhold their music from streaming services in order to make a couple extra dollars from physical & downloads. It ain't greedy, it's business—if you can sell out Madison Square Garden in 10 minutes (Black Keys, pictured left), if you can sell out 3 nights at the Hollywood Bowl (Coldplay), if you are on the verge of sweeping the Grammys (Adele), the world can afford to pay full price for your ...

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Economics

A Musician's Minimum Sustainable Scale

A Musician's Minimum Sustainable Scale

Source: HypeBot

This guest post comes from Fava, who blogs as The Cynical Musician. How big must you be to call yourself successful? I have no idea—it all depends on your definition of success. I propose to answer an easier question here: how big must you be to be sustainable? Unless we define success in really awkward ways, sustainability will always come first. What does “sustainable" mean? In short: it is a state of your music business, where you are making enough ...

40

Economics

Digital Radio Paid Musicians $36 Million More Than Paid Subcriptions Last Year

Digital Radio Paid Musicians $36 Million More Than Paid Subcriptions Last Year

Source: HypeBot

Music streaming services like MOG, Rdio and Spotify may be the talk of the  industry, but digital radio from Pandora to Sirius XM surpassed them in royalties paid to musicians and rightsholders for the first time last year.  According to RIAA numbers, performance royalties from digital radio services grew 60% from $155.5 million to $249.2 million in 2010. Paid music subscription plans revenue fell 5% from $213 million to $200.9 million million despite subscriber growth from 1.2 million to 1.5 million. ...

51

Economics

How to Invest Millions in Your Favorite Artists, Tax Free...

How to Invest Millions in Your Favorite Artists, Tax Free...

Source: Digital Music News

Want to invest in your favorite artists, and take advantage of tax shelters in the process? No, there's not a 1-800 number to call. But UK-based Power Amp Music is now putting out a callfor a 10 million pound ($16.1 million) artist-focused investment fund, one that includes lots of shelters for those who qualify. This is just one of several alternative funding ideas floating around. But, it looks like the tax benefits are really for the Brits. The shelter comes ...

66

Economics

32 Different Ways Artists Can Make Money...

32 Different Ways Artists Can Make Money...

Source: Digital Music News

But which ones are really producing serious revenues? Here 32 different possible possible revenue streams for artists, as compiled by the Future of Music Coalition (FMC). The group is currently conducting a survey of musicians to figure out which streams are working the best. A. If you are a composer or songwriter, here are possiblerevenue streams from your musical compositions... 1. Retail sales: Mechanical royalties from physical sales of recordings of your songs at stores, concerts or via mail order. ...


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