Collect Quote by Liz Mitchell
“Our royalty statement has been minimal and menial. Really. We don't collect more than a per cent of a per cent of a per cent of a per cent of a per cent of a per cent of a per cent. We get maybe the seventh of 1 percent.”
About This Quote
Royalty earnings are minuscule, highlighting the harsh economics of the industry.
In simple terms: Music royalties are extremely low.
Key Takeaway
Consider alternative income streams.
Themes
economics
fairness
industry
music business
Mood
realistic
critical
Type
business
industry
When to use this quote
- songwriting
- performing
- licensing
- crowdfunding
- merchandising
Key Concepts
royalties
revenue models
Questions to Reflect On
- What other revenue can artists pursue?
- How can contracts be improved?
A Different Perspective
Low payouts can demotivate creators.
