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Always Happy MLT Chose to Forge Their Own Path
When I first found out about the MonaLisa Twins, I was happy to see the path they had chosen. That is away from the music labels. Having seen the industry close up, it made me certain we’d get fabulous music from them despite their tough road ahead.
I came across this study of label musicians vs independent musicians, and it’s eye opening to say the least.
That 60% of label artists make less than 10k a year is jaw-dropping. 90% make less than 50k a year??? If you’re living in LA or NY, $50 thousand is barely enough to eat and pay rent (where you don’t have to be constantly ducking bullets), let alone have a half decent car. That means that 90% of artists signed to a major label must have non-music income to support/help support them.
I knew the numbers were bad, but I didn’t realize they had gotten this bad. Take into account that the major labels make about $10 Billion a year. About 3% of that goes to the artists, according to the RIAA (I think they were even boasting about it too because it was an increase over the year before).
So bottom line is: Thank you Mona, Lisa, Michaela and Rudolf for staying independent and sticking to your guns. There’s no way we’d be enjoying such good music and everything you do, if you had signed the dotted line.
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