From Dollars to Pennies: The New Economics of Music

The video discusses the challenges artists face in earning fair compensation in the digital age. It highlights the impact of platforms like Napster and YouTube on the music industry, emphasizing the need for artists to diversify their income streams. The conversation explores how social media and promotional platforms can aid artists in reaching audiences and generating revenue, despite the decline in traditional music sales. Examples of successful artists using these strategies are provided, illustrating the shift in the music business model.

What does Garth Brooks mean when he refers to YouTube as 'the devil'?

How does the current model of music consumption affect the earnings of artists compared to the past?

What strategies have successful artists like Amanda Palmer used to raise funds and connect with their fans?