|
|
|
|
|
by mikeash
5461 days ago
|
|
The total revenue of RIAA members in 2009 was about $7.7 billion. At their peak around the turn of the century, they were doing a bit under $15 billion. And that is revenue, not profit. The entertainment industry is tiny. Top artists make a lot of money for an individual, but it's only millions, and there aren't a whole lot of them. That 2009 music industry revenue would pay for, what, 70,000 programmers? And there are a whole lot more programmers than that earning good money. (Note: I'm only looking at RIAA figures, and ignoring independent artists, so it's understated to a certain extent. However, I believe RIAA revenue still makes up the majority, probably the vast majority, of total music revenue.) |
|