Electronic Cash Kings

There’s no reason to be jealous because money doesn’t make a person happy. There’s a lot of proof to that but let’s all agree Pauly D’s take is a bit unsettling. I’ve never seen any of these DJs live or even listened to their sets somewhere so I also can’t really scream out any true reviews. Here’s what Forbes says these guys earned last year: Tiësto – $22 million, Skrillex – $15 million, Swedish House Mafia – $14 million, David Guetta – $13.5 million, Steve Aoki – $12 million, Deadmau5 – $11.5 million, DJ Pauly D – $11 million, Kaskade – $10 million, Afrojack – $9 million and Avicii – $7 million. Keep in mind these are artists making money. That’s an excellent thing.

“Every so often, the tectonic plates of mainstream musical taste shift. In the 1960s, there was the British Invasion, followed by disco in the 1970s and the rise of glam metal in the 1980s. The 1990s saw the advent of grunge and the resurgence of boy bands, followed by hip-hop’s hegemony in the 2000s. Now, the tables are turning again.” – forbes.com

For more info: forbes.com/the-worlds-highest-paid-djs

via djtechtools.com

42 Ways Musicians Make Money

If you were ever wondering as an musician if your maximizing your revenue The Future of Music site lists 42 ways you can make green. They also explain some of the differences between royalties and publishing. Take a look at the list here: link

“If you’re a musician or composer, you probably have a basic sense of the ways you can make money. Some revenue streams are simple to understand, like playing shows, or selling CDs or t-shirts. But there are many, many more ways that musicians can earn money from their compositions, performances, sound recordings, brand, or knowledge of the craft. We list 40 of them… So if you hear Patsy Cline singing “Crazy” which was written by Willie Nelson, Willie created the musical composition when he wrote down the notes and lyrics. Patsy created the sound recording when she performed Willie’s song, and it was captured on tape. As you browse the list, it’s important to keep these distinctions in mind since there are many times when different parts of the creative team are paid differently.” – futureofmusic.org

For more info: money.futureofmusic.org/40-revenue-streams

via shocklee.com