Less than five percent of managers think artists will sign with labels in the near future.
A comprehensive new survey of music managers has revealed that over one-third of managers questioned represent artists signed to recording contracts that contain no mention of digital income, while over 50 percent have no idea of the revenue share split between their artists’ label and streaming services.
Commissioned and published by U.K. trade organization the Music Managers Forum (MMF), the 72-page "Dissecting The Digital Dollar" report surveyed over 30 practitioners from across the music, digital and legal sectors, alongside 50 artist managers in five markets, who represent signees to the three majors and over 100 independent labels.
Of those questioned, 46 percent had no idea what charges and deductions their artists' labels are making on digital income. Only 11 percent believed that the existing split of streaming service revenues between labels and publishers/songwriters -- whereby labels receive on average four to six times more revenue than publishers -- was fair.