Entertainment

Would You Invest Your Own Money into Your Favorite Artist’s?

Real estate, music, or entertainment — many investment assets are available to everyone who wishes to generate a stable income. But every type of investment involves its own strategy to stick to and requires a certain period to get the first return. Often it might seem complicated to understand the entire investment model. In this case, existing investment companies are beneficial to investors. One of those outstanding investing groups is JKR — at client’s service to offer financial consulting, build a profitable investment portfolio and provide the most demanded trends to invest in.

Would You Invest Your Own Money into Your Favorite Artist's?

As the music industry is growing fast over the last few years, many investors are willing to include music investment into their portfolio to make it diversified and solid when the market weakens. Streaming has become more popular among Youtube users in the context of Covid-19. The whole world took a breath by staying at home. So, they found a way to relax or have fun with streaming music. Alongside this feature, digital technologies have been moving by the music side but faster. That’s why investing in older artists’ song catalogs has been less risky and more constant. But still, it is real to gain a good income from newer artists at their peak of fame. This way, the music of your favorite artists is worth investing in.

Exciting Data from Music Companies

Due to recent statistics, the second-largest audio-streaming subscription service globally, Apple Music, pays artists and record labels an average of $0,0056 per pay. Spotify, recognized as the biggest audio-streaming service on the planet, offers a lower payment of $0,0032. Talking about Youtube, this figure is even lower and is up to $0.0009. These fractions might seem nothing for artists to gain some income. But rounding them up together is a real continuous challenge for artists.

When it comes to streaming companies, they often opt for ways to assist artists in boosting their income. Due to this, YouTube acquired Bandpage about three years ago. Bandpage is a company that sends millions of fans directly to the artist’s online store every month. Thus, Spotify has announced that they would like to introduce a novelty “tipping” in the future. It will involve fans’ direct depositing money into the artist’s digital account. This idea is not new. But there is another side of the coin: fans want something in return.

This concept is often found as crowdfunding. It is well-known in the music industry owing to Kickstarter. Amanda Palmer used this platform in order to increase $1,2 million for her new album project from her fans in 2012. Thus, Kickstarter allowed this service to move forward. So, it touched and brought changes for Patreon and PledgeMusic.

Accordingly, experts in the music industry ensure that fan-funding directly to the artist’s account is a new way of financing music, and it will take a percentage of the music market within 5 or 10 years. Also, there is a fear that it may significantly affect big music companies. But it depends as time and conditions are always on the move and changeable. So, would you invest your own money into your favorite artist’s music? It is worth trying as the music world is a platform for new opportunities to benefit from investing.

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