So @Chordwainer (Dave) asked me an interesting question last night. Out of the $4,000,000,000 that the Warner Music Group made in gross revenue during the last fiscal year, how much of that went to the artists.
When I was breaking apart Warners books to answer that question in the other thread, I saw this line in page 9 of their budget.
We are also continuing to transition to other forms of business models with recording artists to adapt to changing industry conditions. Many of the recording agreements we currently enter into are expanded-rights deals, in which we share in the touring, merchandising, sponsorship/endorsement, fan club or other non-traditional music revenues associated with those artists.
So I traced the chart of accounts to where it showed how much they made from this. $389,000,000. This is NOT including the money they made off sales. This is in addition to it.
The answer to Dave’s original question is here… and I answered it in terms of the total royalty payouts they sent to the artist/songwriters/producers.