Another key stat: is $4b from air, and $3.2b from sync. That’s licensing and royalty revenue. That didn’t even count PPR and mech income!
This struck me as odd. Alan Krueger talking about the middle dropping out, and the rich getting richer. The middle he referred to must have been what I would still consider part of the top. The first thing that came to mind was that the enormous licensing revenues are not going to the artist. They’re going to the agents, publishers, and investors. And its important not to get the money trail backwards.
It doesn’t mean artists can’t make money. It means that if they want any of the money made, they need to know what’s going on.
Very interesting read.