By Walt Hickey Liking Numlock? Forward today’s email to a friend you think may enjoy it and might subscribe. Music Money Stop the presses. I don’t mean to alarm everyone, but I think the music business might be taking advantage of artists. I know this will come as a shock to everyone, but of the $43 billion in U.S. music sales, the actual artists only took home
Where is the other $28 billion going? Guitar strings?
I'd be interested to know how studios like Ed Sheeran's 'Gingerbread Records' affects the margins, whether his company takes less cut from the artists, and whether if more artists do the same, whether that will effect the industry profit breakdown.