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UK rock band ‘broke’ after touring arenas for two months (www.independent.co.uk)

submitted 6 months ago by CAVOK@lemmy.world to c/europe@feddit.org

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[–] Tuuktuuk@piefed.europe.pub 2 points 6 months ago (1 child)

Isn't the point of a label to organize getting money to you from people listening to your music?

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[–] porter70000@fedia.io 2 points 6 months ago (1 child)

yes, supposedly. Inherently they‘re concept is publishing, but the margins on streaming revenue are slim to none so touring is in fact a viable way of creating income. and big labels operate on the same principle as any commercial company, money. it is not art or fame or glory, it is money.

If you like there is a recent video from Benn Jordan on YT analyzing revenue streams from streaming companies. fucked up

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