Wow,
I never realized what superstars some of us on this forum are until now, but now I know. We are blessed!
Read some interesting stats on a songwriter’s blog today. Really makes you think.
48,000 songwriters in Nashville trying to make it
1,305 songs recorded a year on major labels
85% of songs going to insider writers (i.e producers)
75 songwriters getting 1 or more cuts per year
Less than 1% of all albums sell more than 1,000 copies/mechanical royalties = 9.10 cents per song
Average take home of the 75 successful “placed writers with cuts” = $91.00
People who don't get cuts that year after working on it all year = 47,925
Investment = 7 years of living in a storage unit, cleaning tables, and taking songwriting classes
Given that I made a lot more than that streaming songs on Spotify last year (and even some Complete Album sales, woo-hoo!) I can say:
I am among the HIGHEST PAID SONGWRITERS IN THE WORLD!!!!! ALL RIGHT!! Two pizzas tonight baby!!!My investment: Band-in-a-Box and a free version of Cakewalk.
Thank you PG Music!!!
Who says home recording doesn’t bring home the bacon!!!!!!!!!