Report: Musicians Receive 12% of Music Industry Revenue

According to a new report from Citigroup, the music industry made $43 billion in revenue in 2017 while only 12% of that actually went to the artists.

Artists’ share of music revenues is small. In 2017, artists captured just 12% of music revenue with most of the value leakage driven by the costs of running a myriad of distribution platforms — AM/FM radio, satellite radio, Internet distributors — augmented by the costs (and profits) of the record labels.

The proportion captured by artists is, however, on the rise (it was just 7% of industry revenues in 2000). The bulk of the improvement is not driven by the growth in music subscription services. Rather, it’s driven by the strength in the concert business.

New Changes Coming to The Oscars

The Oscars

The Hollywood Reporter:

To address the concerns of those who find the show to be too long and boring (thanks largely to the current existence of 24 competitive awards, of which the general public only cares about a few), Bailey and Academy CEO Dawn Hudson said in a letter to members that the board has “committed to producing an entertaining show in three hours.” They explain that this will be achieved partly by “present[ing] select categories live, in the Dolby Theatre, during commercial breaks (categories to be determined).” Those categories will not be removed from the telecast; instead, “the winning moments will then be edited and aired later in the broadcast.”

And:

At least as important, in terms of improving the ratings of the Oscars telecast for ABC, the Academy also said in its letter that it “will create a new category for outstanding achievement in popular film,” adding that “[e]ligibility requirements and other key details will be forthcoming.”

So, is this just “the Marvel movie” category?