EYL #301: Cut Out The Middleman: How Artists Can Get Paid Directly for Their Music by Selling Straight to Fans
Earn Your Leisure
iHeartPodcasts
4.9 • 7.9K Ratings
🗓️ 30 July 2024
⏱️ 68 minutes
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Summary
In this episode of Earn Your Leisure, we sit down with Mag Rodriguez to discuss the groundbreaking changes happening in the music industry through the EVEN platform. Discover how LaRussell made $27,000 in just 24 hours by releasing his album on EVEN, and learn why artists are missing out on significant revenue by not selling directly to consumers. We explore how EVEN is the first direct-to-consumer music platform to report to Billboard and whether fans would pay extra for music from their favorite artists.
We delve into the staggering statistic that only 10% of people will ever have the chance to see their favorite artist live and how the "Pay What You Want" model on EVEN is changing the game. Rodriguez shares insights on the importance of demand before releasing an app, the underestimation of revenue potential in other countries by big corporations, and the impact of Afrobeats making $100 million in 2023, with only 2% of the revenue reaching Nigeria.
We also discuss the future of the music industry with the "Proud To Pay" model, EVEN's mission to increase revenue for the music industry, the challenges with music labels' 3-month payment system, and the lack of fan data for most artists. Learn how EVEN convinced Ryan Leslie to launch his project on their platform and ponder the possibility of a major artist releasing an exclusive album on a "Proud To Pay" platform.
#EarnYourLeisure #MusicIndustry #DirectToConsumer #LaRussell #EVENPlatform #Afrobeats #ProudToPay #RyanLeslie #MusicRevenue #ArtistRevenue #FanData #Billboard #MusicLabels #PayWhatYouWant #MusicApp #GlobalMusic #ExclusiveAlbum #MusicTrends
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Transcript
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