[4] In 2011, the largest recorded music retailer in the world was now a digital, Internet-based platform operated by a computer company: Apple Inc.'s online iTunes Store.
This portion is similar to a percentage, but may be limited or expanded by a number of factors (such as free goods, recoupable expenses, bonuses, etc.)
Session musicians and orchestra members (as well as a few recording artists in special markets) are under contract to provide work for hire; they are typically only paid one-time fees or regular wages for their services, rather than ongoing royalties.
For this reason, artists such as Taylor Swift, Paul McCartney, Kings of Leon, and others have called for legal changes that would deny social media the right to stream their music without paying them royalties.
When purchasing digital downloads or listening to music streaming, the consumer may be required to agree to record company and vendor licensing terms beyond those which are inherent in copyright; for example, some services may allow consumers to freely share the recording, but others may restrict the user to storing the music on a specific number of hard drives or devices.
When a recording is broadcast (either on radio or by a background music service such as Muzak), performance rights organisations (such as the ASCAP and BMI in the US, SOCAN in Canada, or MCPS and PRS in the UK), collect a third type of royalty known as a performance royalty, which is paid to songwriters, composers and recording artists.
In the 2000s, online subscription services (such as Rhapsody) also provide an income stream directly to record companies, and through them, to artists, contracts permitting.
Crew members provides stage lighting, live sound reinforcement, musical instrument maintenance and transportation.
On large tours, the road crew may also include an accountant, stage manager, bodyguard, hairdressers, makeup artists and catering staff.
A successful artist functions in the market as a brand and, as such, they may derive income from many other streams, such as merchandise, personal endorsements, appearances (without performing) at events or Internet-based services.
In the 2000s, traditional lines that once divided singers, instrumentalists, publishers, record companies, distributors, retail and consumer electronics have become blurred or erased.
After 15 or so years of the Internet economy, the digital music industry platforms like iTunes, Spotify, and Google Play are major improvements over the early illegal file sharing days.
However, the multitude of service offerings and revenue models make it difficult to understand the true value of each and what they can deliver for musicians and music companies.
With the emerging of new business models as streaming platforms, and online music services, a large amount of data is processed.
He also published numerous works by the most highly regarded composers of the Renaissance, including Josquin des Prez and Antoine Brumel.
Until the 18th century, the processes of formal composition and of the printing of music took place for the most part with the support of patronage from aristocracies and churches.
The practice gained popularity during the 19th century and contributed to the spread of negative racial stereotypes of African-American people.
At the dawn of the early 20th century, the development of sound recording began to function as a disruptive technology to the commercial interests which published sheet music.
[14] Many record companies died out as quickly as they had formed, and by the end of the 1980s, the "Big six" — EMI, CBS, BMG, PolyGram, WEA and MCA — dominated the industry.
[7] In response to the rise of widespread illegal file sharing of digital music-recordings, the record industry took aggressive legal action.
In 2001 it succeeded in shutting down the popular music-website Napster, and threatened legal action against thousands of individuals who participated in sharing music-song sound-files.
The survey was consistent with the results of earlier research conducted in the United States, upon which the Open Music Model was based.
[23] However, as The Economist reported, "paid digital downloads grew rapidly, but did not begin to make up for the loss of revenue from CDs".
In response to concerns, Spotify claims that they are benefiting the music business by migrating "them away from piracy and less monetized platforms and allowing them to generate far greater royalties than before" by encouraging users to use their paid service.
The turmoil in the recorded-music industry in the 2000s altered the twentieth-century balance between artists, record companies, promoters, retail music-stores and consumers.
[4] In order to benefit from all of an artist's income streams, record companies increasingly rely on the "360 deal", a new business-relationship pioneered by Robbie Williams and EMI in 2007.
[38] At the other extreme, record companies can offer a simple manufacturing- and distribution-deal, which gives a higher percentage to the artist, but does not cover the expenses of marketing and promotion.
Companies like Kickstarter help independent musicians produce their albums through fans funding bands they want to listen to.
Inexpensive recording-hardware and -software make it possible to record reasonable-quality music on a laptop in a bedroom and to distribute it over the Internet to a worldwide audience.
[7] However, consumer spending on music-related software and hardware increased dramatically over the last decade,[clarification needed] providing a valuable new income-stream for technology companies such as Apple Inc. and Pandora Radio.