The overwhelming majority of musicians earn lower than £200 a 12 months from music streaming platforms, in response to a brand new survey.
The figures come from a survey of members belonging to songwriters’ physique The Ivors Academy and the Musicians’ Union, which discovered that 82 per cent of respondents earned lower than £200 from streaming in 2019, together with some with “thousands and thousands” of streams.
In the meantime, 92 per cent of respondents stated that lower than 5 per cent of their earnings got here from streaming final 12 months, whereas 43 per cent stated that inadequate revenue from streaming prompted them to get a job outdoors of music.
Graham Davies, CEO of The Ivors Academy stated: “This survey is additional demonstration that the music and the songwriter are undervalued. An excessive amount of streaming cash goes to the foremost labels, that is an outdated mannequin and desires reform.”
Over £1 billion in income was generated from 114 billion music streams within the UK final 12 months, with the inquiry noting, nevertheless, that “artists may be paid as little as 13% of the revenue generated”.
Final week, Shah wrote an article criticising streaming services for lining the pockets of “superstars and tremendous report labels” whereas smaller acts are left to rely extra on revenue from dwell reveals.
“The scenario was such that I quickly needed to transfer again in with my dad and mom over the summer time. Not the worst factor to occur, however nonetheless not an excellent search for a thirtysomething pop star,” Shah wrote. “Like most of my musician mates who depend on gigs, I discovered myself in dire straits. (If solely I truly had been in Dire Straits.)”
Final month, a YouGov poll of music fans found that 77% of respondents believe that artists deserve a greater share of revenue from streaming companies.