this post on the uk’s Telegraph shares the results of a recent analysis on where revenue is going. the short answer: it’s what i, and a lot of other people, have been saying for a long time — the big wigs are losing money but, on the whole, individual artists actually benefit from filesharing, even despite the decline in record sales.
from the post:
the blog argues that music artists are better off in a world with illegal filesharing. This makes sense: recorded music is a pretty good advert for live performances. It also explains why the BPI, which represents the recorded music side of the industry, has been pushing so hard for Government action against illegal filesharers. It’s in their interest but not necessarily the artist’s, whatever Lily Allen might believe.
additionally, here’s the original post with the graph results. some pretty telling statistics there, that give a lot of insight into, perhaps, why the music industry wants to shut down and control sharing music via bit torrent and other p2p networks.
my favorite quote from this one is here:
An even more striking thing, perhaps, emerges in this second graph, namely that revenues accrued by artists themselves have in fact risen over the past 5 years, despite the fall in record sales.
i’d say “take that” but i already have once.