The economics of music
The music moguls are whining about internet piracy, but a moment of pity for the artists. The Daily News calculates the earnings of a hypothetical rock band — once the packaging deductions, recording costs, manager's and lawyer's fees are subtracted. The money, even for a successful album: about $40k for each member, about the same as the annual salary of a city sanitation worker.
A music industry case study [NYDN]