This just in from a blog by the indie band Galaxie 500:
"Consider Pandora and Spotify, the streaming music services that are becoming ever more integrated into our daily listening habits. My BMI royalty check arrived recently, reporting songwriting earnings from the first quarter of 2012, and I was glad to see that our music is being listened to via these services. Galaxie 500's "Tugboat", for example, was played 7,800 times on Pandora that quarter, for which its three songwriters were paid a collective total of 21 cents, or seven cents each. Spotify pays better: For the 5,960 times "Tugboat" was played there, Galaxie 500's songwriters went collectively into triple digits: $1.05 (35 cents each)."
Wow! And I thought we were the only ones with such paltry revenues!
We do have one "hit" - the One Day at a Time Album - and are donating all proceeds to the American Red Cross.
As for the other worthy tunes on this label, the payments to the label are more in pennies. It will be a long time before we recoup the basic costs of the releases and can begin to share profits.
But where there is one "hit" there will be another!
No Wonder it is So Hard for Artists and Labels to Make $
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