MUSICIAN FINANCIAL CASE STUDIES RELEASED

#JazzBluesFlorida #jazz #blues #Florida #Concerts #Festivals #Clubs

FUTURE OF MUSIC COALITION RELEASES FIRST WAVE OF
MUSICIAN FINANCIAL CASE STUDIES
Next Data from Artist Revenue Streams Project Details the
Income and Expenses of Five Unique US-Based Creators

Washington, D.C . — Future of Music Coalition has released the next data set from its groundbreaking Artist Revenue Streams research project: five financial case study profiles that provide rich, verifiable information about how certain musician types are making a living.

The five case studies provide a financial profile of five full-time musicians:

·     Jazz Bandleader-Composer
·     Indie Rock Composer-Performer
·     Jazz Sideman-Bandleader
·     Professional Orchestra Player
·     Contemporary Chamber Ensemble

Access Executive Summary and Case Studies here:
http://money.futureofmusic.org/case-studies/

Drawing from 4-12 years of accounting data provided by the artists, each case study graphs and explains all the sources of income over time.  The reports also include annual revenue pies, and a look at income versus expenses and net profit over time. Some case studies also include more detailed breakdowns, such as PRO royalties by territory, or session work by bandleader.

"These case studies offer an unprecedented look at how real musicians and composers earn a living," said project co-director Jean Cook, who spent many months sifting through individual artists' tax returns, Quicken files and PRO royalty statements to pull together this data. “Our hope is to start a public conversation about how roles, time, investment and other factors combine as essential components in musicians’ lives. What is revealed is a complex and profound intersection that musicians must negotiate every day.”

"I think these case studies provide musicians, and the field at large, with a real sense of how today's musicians are knitting together a career," added co-director, Kristin Thomson. "For some folks, there are just a handful of core revenue streams. For others, it's a truly mind-boggling amount of sources. They might be juggling live performances, recordings and session work, with a bit of composing money here, and some CD sales there. To see the range of streams laid out as a chart is, for me, both exciting and humbling. These case studies really underscore the diversity of the musical landscape, and what musicians do, routinely, to make it work."

These financial case studies are just one part of Future of Music Coalition's Artist Revenue Streams, a multi-method, cross-genre examination of musicians' revenue streams. Over the past 18 months, FMC has collected information from a diverse set of US-based musicians and composers about the ways that they are currently generating income from their recordings, compositions or performances, and whether this has changed over the past ten years.

Access Executive Summary and Case Studies here:
http://money.futureofmusic.org/case-studies/

Over the next few months, FMC will continue to release reports, research memos and presentations that focus on unique perspectives of this huge, rich data set.  There will be four to six additional financial case studies released later this spring. The next batch in the series is expected to include:
·     Background Musician who appears on television
·     Urban Music Recording Artist
·     Touring Band that gets some radio airplay
·     Songwriter/Composer who does not perform/tour
Artist Revenue Streams was funded in part by a grant from the Doris Duke Charitable Foundation, with additional support from YouTube, East Bay Community Foundation, and the Donaldson Trust.


About Future of Music CoalitionFuture of Music Coalition is a national non-profit education, research and advocacy organization that seeks a bright future for creators and listeners. FMC works towards this goal through continuous interaction with its primary constituency — musicians — and in collaboration with other creator/public interest groups.
www.futureofmusic.org