Musicians Only Got 12% of the Billions the Music Industry Generated in 2017 According to a Citigroup report, musicians only received 12% of the $43 billion made in the
industry last year. The proportion for artists has actually gone up. In 2000, artists only received 7% of the revenue. The majority of the boost comes from an increase in concerts and tours, since artists are able to take a larger portion of the money made. However, artists still take home small portions of streaming shares. The report predicts providers like Apple Music and Spotify will “organically morph into music labels.” Bjorn Niclas, the Choon music streaming service cofounder, summarized the struggle of being in the industry. Bjorn Niclas,
via Citigroup report