Music creator survey, Q4 2021 Redefining success
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As the barriers to music creation continue to lower, more creators enter the field, yet it is becoming harder than ever to earn a living through music, with a finite amount of revenue being split ever more ways. The majority of professional music creators do not earn meaningful income through their craft and must cobble together income from a diverse mix of sources to make ends meet. This is resulting in a recalibration of their objectives, with creators deprioritising fame to focus instead on more modest remuneration and recognition. As these goals clash with traditional music business models, existing stakeholders will need to evolve to meet the needs of the new landscape and the new generation of music creators.
Companies and brands mentioned in this report: Artiphon, Bandcamp, BeatStars, ByteDance, Epic Games, Fortnite, Internet Money, Juice WRLD, Nick Mira, Orba, Orbacam, Resso, SoundOn, Soundtrap, Splice, Spotify, TikTok, and UnitedMasters