Do the Singers/Bands Bathe in Riches?

Today, I'm gonna get a few things down on the record about the money made from the music nowadays and discuss the terms of making money off the album sales, concerts,...

In this post, I'll bring you around to this terrifying world of music industry and will pass you some figures and insights as to what's going on there. 

In order to kick the discussion off, I'd like to tell you that music isn't the shortest path ever to get rich. It's pretty much like a gamble. You put a lot of efforts into making a smashing record, then spend a big chunk of change to record your album in high end studios and forfeit a big sum of money on promotions,.....and finally you'll just take a little money back from what you had put in. (Unless you come up with a lucky idea) 

And by the way you won't own the full royalties of your album sales. Usually, you'll just get paid a tiny percentage of the overall album sales. (Something like 5 cent per album sold while the rest goes to your label's pocket).

Ok. How about the concerts? 

The situation is even worse with concert deals. If there is a festival in which you're going to play, (along with the several other bands playing their gigs on the same stage), your band will be paid a terrible amount of money which is hard to imagine and far below the minimum wage in the long run. Sometimes the bands don't even get paid at all except for big names and sometimes the proceeds are paid after a long time.

It's also interesting to know that a band (any band) won't be paid the total amount of the tickets sales because they are not in charge of distributing their concert tickets or conducting a gig. They will only be paid a small percentage of the total tickets subtracted by other expenses such as venue's share (which is almost up to 95% of the revenue), illuminations, soundings, trucks, security, hotels,.... 

Not to mention that the bands might actually LOSE money on tours in cases of bad weather, natural disasters, disease outbreaks, cancellations,....