How Musicians Make Money, Or Don’t, In 2018
I have a few friends that are aspiring musicians with what I consider to be a high quality product, and they both struggle to make a living out of it, bankrolling their music endeavors with side gigs or similar avenues.<p>In the age of the Internet, it seems clear to me that from a macro economic perspective, the only scarce things a musician can provide are (a) experiences and (b) physical goods. It seems like no small&#x2F;medium artist can expect to make a living out of YouTube views or Spotify plays.<p>Is anyone here that is more knowledgeable about the industry able to comment on what tech-enabled avenues exist (or may come into existence in the short term future) for younger musicians to make a living? Crazy ideas are OK (for example, I think VR live concerts might be a thing at some point, but I don&#x27;t have enough understanding of the industry to tell whether something like Ujomusic makes sense).