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The AvA Connection: 9/4/24
๐ This is Warner from The AvA Connection. Connect with me here.
๐ฐ Dynamic pricing is in the news again. Music streaming subscribers and fan consumption hit all-time highs, yet Artists continue to make less and less.
๐ผ 45 new jobs + internships in LA, NYC, Nashville & remote at the bottom of this email.
Todayโs read time: 6 min
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The Weekly Buzz:
Oasis is in the spotlight for their use of dynamic pricing, which allows ticket prices to increase while fans are waiting in the online queue to buy them (as well as after the initial on-sale). High demand = a surge in pricing, meaning two people can pay different prices for the exact same ticket. Itโs a very complex and nuanced situation, and one that is now being investigated by the U.K. government.
As much (deserved) heat as the ticketing platforms (Ticketmaster) have gotten over the years, Artists and their teams are the ones that actually activate dynamic pricing. But can you blame them?
With the pennies many Artists make from streaming, the elimination of all live revenue during COVID, and a strained economy affecting things like merch cost and sales right nowโฆ touring is often the only way Artists can try to make a living.
NOTE: Yes I know things like brand partnerships and music snyc exist, but those are delicacies often only enjoyed by the music elite.
Canโt Artists get rich off of streaming? Spotify pays artists between $0.003 and $0.005 per stream, and Apple Music pays $0.007- $0.01 per stream. So if your song is streamed a million times, youโd receive $3-5k from Spotify and/or $7-10k on Apple Music. So theoretically yes, but in reality for manyโฆ no.
Even with music consumption rising, the revenue per stream rate continues to fall:
To make matters more complex, according to the RIAA mid-year report, streaming in the US, which attributes 38% of the global record music revenue, is close to reaching maximum capacity in terms of paying music subscribers. Growth figures have been in a constant free fall for the last 5 years.
Net increase of subscribers in the US (first half of the year).
2020: +14.4 million YoY
2021: +9.4 million YoY
2022: +7.9 million YoY
2023: +6.6 million YoY
2024: +2.5 million YoY
YoY = Year over Year
The most frustrating part for Artists in all of this, is paid music subscription revenue actually increased +5.1% YoY (+$5.23B).
So if Artists arenโt getting paid more, then who is?
Kevin Shivers has won the 2024 Billboardโs R&B/Hip-Hop Power Playersโ Choice Award. He is one of the nicest people in the entire music industry, evident in winning a highly respected peer-voted award. We had a chance to sit down with him last year. His advice to someone just starting out in the business?
Shivers: Just say yes. Somebody asks you to go to a show? Say yes. Somebody asks to go to dinner? Say yes. Your boss says we need somebody to move to London? Just go. Youโre young and there is a lot of power in saying yes. Don't be afraid to fail.
๐ Kevinโs Book Recommendation:
The average human lifespan is absurdly brief. Assuming you live to be eighty, you have just over four thousand weeks. As Kevin said, are you going to sit around and say โnoโ, or say โyesโ to new adventures and living life to the fullest.
The Job Board
๐ผ = Job | ๐ = Internship
๐ด Los Angeles
๐ผ Digital Marketing Coordinator - Warner Music Group - Apply Here
๐ผ Music Product Operations (Graduate) - TikTok - Apply Here
๐ผ International Marketing Coordinator - Universal Music Group - Apply Here
๐ผ Music Assistant - Wasserman - Apply Here
๐ผ Media Strategy/Media Planner - iHeartMedia - Apply Here
๐ผ Assistant to EVP, Marketing & Artist Development - Warner Music Group - Apply Here
๐ผ Music Programming Channel Producer - SiriusXM - Apply Here
๐ผ Artist Services Coordinator (Graduate) - TikTok - Apply Here
๐ผ Social Media Producer (NBA) - FanDuel - Apply Here
๐ผ Associate Director: Writer & Publisher Relations - Kobalt Music - Apply Here
๐ผ Senior Social Media Content Producer - SiriusXM - Apply Here
๐ผ AR/AP Specialist - AEG - Apply Here
๐ผ Publicist - Los Angeles Philharmonic - Apply Here
๐ผ Operations Coordinator (Marketing COE) - The Walt Disney Company - Apply Here
๐ A&R Intern - Mind of a Genius Records - Apply Here
๐ฝ NYC
๐ผ Talent Acquisition Coordinator - Universal Music Group - Apply Here
๐ผ Sample Licensing Analyst - Sony Music - Apply Here
๐ผ Rotational Assistant - WME - Apply Here
๐ผ Partnerships & Events Manager - BMI - Apply Here
๐ผ Global Member Services Coordinator - ASCAP - Apply Here
๐ผ Production Coordinator - Madison Square Garden Entertainment Corp. - Apply Here
๐ผ Associate Production Coordinator - Rockstar Games - Apply Here
๐ผ Administrative/Executive Assistant - Davis Shapiro Lewit & Grabel LLP - Apply Here
๐ผ Senior Social Media Content Producer - SiriuisXM - Apply Here
๐ผ Music/Culture Manager - 99 Scott Studio - Apply Here
๐ผ Marketing Coordinator - CBS Sports - Apply Here
๐ผ Casting Assistant - Rockstar Games - Apply Here
๐ผ Membership Services Manager - BSE Global - Apply Here
๐ผ Booking Producer - Fox News Media - Apply Here
๐ A&R Admin Intern - 11AM Co - Apply Here
๐ College Associate (Communications) - Live Nation - Apply Here
๐ค Nashville
๐ผ Gretsch Artist Marketing Manager - Fender - Apply Here
๐ผ Words & Music Coordinator - Country Music Hall of Fame & Museum - Apply Here
๐ผ Digital Marketing & Strategy Coordinator - Grandview Music - Apply Here
๐ผ Social Media & Graphics Coordinator - Nashville Music City Center - Apply Here
๐ผ Brand Ambassador (Music Industry) - Nashville Marketing Group - Apply Here
๐ผ Administrative Coordinator - Swoon - Apply Here
๐ผ DJ - TC Restaurants Group (Luke Bryan, Lainey Wilson, Jason Aldean, etc.) - Apply Here
๐ผ Lighting Designer - Country Music Hall of Fame & Museum - Apply Here
๐ผ Sound Engineer - TC Restaurants Group (Luke Bryan, Lainey Wilson, Jason Aldean, etc.) - Apply Here
๐ Music & Audio Event Operations Intern - St. Jude Childrenโs Hospital - Apply Here
๐ Remote
๐ผ A&R Manager - Groundwฤrk - Apply Here
๐ผ Account Executive: Music & Touring - CrowdSync Technology - Apply Here
๐ผ Agent - Anniversary Group Arts - Apply Here
๐ Social Media Manager Internship - NEWWRLD Distribution & Music Partnerships - Apply Here
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