According to a new report by industry news outlet Music Business Worldwide, the three major music labels made $6.93 billion combined from streaming in 2018. Universal Music Group, Sony, and Warner are clocking $19 Million a day from streaming along, which translates to $800,000 per hour just from music streaming services.
Universal’s biggest selling artists in the year included Drake, Post Malone, Ariana Grande The Beatles and XXXTentacion.
Music labels take approximately 80 percent of those earnings as part of traditional record deals. In other cases, mega artists tend to negotiate a more favorable royalty split – typically around 50/50.
I’m really liking The One by Byron Gindra. It’s a strong debut single that has a Shawn Mendes vibe. Byron tells Kings, “The One is about taking a chance, risks can be rewarding and if you don’t try you will never know.” He started singing when he was 4 years old and first publicly performed at 10. He also did pretty well on American Idol. Byron says, “Music as in life has its challenges, I choose to stay positive, follow my dreams and never give up!” Give it a listen.
Kings favorite electro-chill artist Becky drops the new track Don’t Care. With mesmerizing vocals and a minimalist production Becky reveals, “with Don’t Care, I wanted to illustrate that if someone doesn’t understand your worth, don’t waste your tears over them”. The Bay Area artist released her debut single ‘Stay Strong‘ which clocked over 50k Spotify streams garnering interest from blogs including Vents Mag. Give it a listen.
Alice Pisano dropped a new emotional piano ballad Lost You In The Crowd. Alice says, “It’s about being in love with a person that runs hot and cold. You don’t know where they stand, if they’re into you or not. Some days they are warm and sweet, other days they are cold and distant, almost like a stranger in the crowd”. Born in Italy, Alice moved to London to pursue music. Before you listen to the new release I would start with her debut single Celebrate Life which quickly clocked a million views on Spotify streams after landing on playlists ‘Soft Pop Hit’ and ‘Mellow Morning’. Not bad for a new artist.
Blending haunting electro pop and R&B, CUTTS releases a really good emotional ballad titled Breathe. Comprising of Lillian Cutts and Peter Bonaventure, the NY based alternative-pop duo formed in 2017. Lillian reveals, “This song quickly became very personal for me. It became about a person I have always had trouble expressing my feelings for; especially in songwriting. High highs and low lows, complexities of the past that are impossible to express in just one song. My memory of her has always been triggered by specific things— a nick name, a fragrance— the intimate details. While the affairs of my lost love became convoluted over time I can still smell her perfume, that lingers on forever.” Also, check out the track Entertain Me.