DIY Musicians Crosses $2 Billion in Revenue, Attests the Bright Future of Digital Platforms

10-May-2019

DIY musicians crossed $2 billion in earnings from recorded music, music publishing income, live performance fees, merchandise sales, and other income.  The recent data from DIY distributors including Tunecore, CD Baby, DistroKid and Ditto added $100 million in DIY publishing revenue, to estimate a total earned by DIY artists of $1 billion in 2019.

While various estimates show that the average artist makes between 50% and 65% of their total income from live performance-related income alone, adding at least another $1 billion in revenue to the DIY total. This surge past $2 billion in DIY music revenue.

For the labels, that's meant offering more artist services and investing in independent distribution.  But to a certain level, the credit is also given to DIY digital distribution and tech-based artist services like Bandcamp and Bandzoogle that are helping hundreds of thousands turn their DIY music dreams into businesses. They are actually the backbone in driving growth and accumulating revenue for artists. To read news like this follows Eventaa News.

For more information, visit https://www.hypebot.com/hypebot/2019/05/diy-musicians-now-earn-more-than-2-billion-a-year.html

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