Music Industry & The Blockchain: “Musicians only got 12% of the $43 billion the music industry generated in 2017” ~ Business Insider by djlethalskillz

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music · @djlethalskillz · (edited)
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Music Industry & The Blockchain: “Musicians only got 12% of the $43 billion the music industry generated in 2017” ~ Business Insider
<center>![musicindustrycov.png](https://cdn.steemitimages.com/DQmZ6SNF2w8pUQh2xcLd3NhUSPmppsLmL5Sr9V367ffKzd9/musicindustrycov.png)</center>

## **Music Industry & The Blockchain: "Musicians only got 12% of the $43 billion the music industry generated in 2017" ~ Business Insider**
</br>

I'm aware of the current corrupt monopoly in the music industry and how hard it is for an independent artist who is not signed by a big label to make it out there, but today I was reading an article on the Business Insider website earlier and it flipped my head!

<div class="pull-right"><img src="https://cdn.steemitimages.com/DQmXn6jVJe816CKQ2BbgRrGhmhjN1aabGy9mZhV1TerGTyE/No-Money.jpg" /></div>


>**Did you know that Musicians only got 12% of the $43 billion the music industry generated in 2017?**

That's an insane percentage the music industry is making out of the hard work of musicians and artists out there! and note that the 12% only comes from "Touring" which means they don't earn much or any from their music sales and plays.

The current industry either got to split that pie fairly or musicians eventually are going to start to migrate with their music and fans to the Blockchain... which is inevitable!
<div class="pull-left"><img src="https://cdn.steemitimages.com/DQmeS8y5m7AkGu9Nws37G3WBG4roAbveeHeySDq2mrQM7WL/muz.jpg" /></div>


With that said now, I have a stronger belief now that the Blockchain technology will disrupt the current music industry model user and will empower the musicians to take full control of their music in a safe, cheaper, quicker and instant rewarding way.

</br>


Already there are some great platforms and communities out there on the Blockchain in where artists can join great communities and get various additional resources from support to funds on their musical projects to networking with like-minded people, spread and increase earnings from your music to expanding your audience and fan reach.

To mention a few like Steemit, Whale shares, Sndbox, Musicoin, Volareo and a few more out there working hard on improving current platforms and services and creating new ones which will only leads to better platforms easier and better ready to for mass adoption!

<center>![musician-revenue-12-percent-only-43-billion.png](https://cdn.steemitimages.com/DQmXu7Tyqz6WXiZT8PdWoHo8YZqrrXqkPNKCD2ZBRuw2g4U/musician-revenue-12-percent-only-43-billion.png)</center>
###### <center>Source: RIAA (Recording Industry Association of America)</center>

***
Let me know your thoughts on this matter and how do you see the Blockchain technology will shape the music industry in the near future.

>Engagement and comments are highly encouraged and upvoted *no spam!*!

<center>Don't be a stranger leave me your feedback in the comment box below! Kudos<center>
***
#### <center>**Join us @ [Musicoin](https://musicoin.org/accept/MUSICf24c95eae199acd3004d5dfa) & Start Earning From your Music**!</center>
<center>![MUSICOIN OPEN ACCOUNT N UPLOAD.png][102]</center>

<center>![enter image description here](https://steemitimages.com/DQmRsDVYzyPW6yjxMffw2tFeyN8bRqxTe3jcwPtLcDexk8G/follow%20skillz.gif)</center>

[102]: 
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@djlethalskillz · 
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