Music Income 2.0: Cover Videos

Music sales income may be in the toilet, but new revenue sources are popping up everywhere.  Fans posting cover videos is the latest new source of tangible cash for a few lucky artists and songwriters.

A typical radio station plays 12,000 pieces of music in a three month period. During the same time frame on services like YouTube, royalty and rights organizations like MCPS-PRS will analyze...

two billion performances of 14 million different videos.  According to Andrew Shaw, Managing Director of Broadcast and Online at the Alliance, "The trend for posting self-made videos is driving the number of performances on the websites we license. Hairbrush divas are not only helping to generate royalties for the writers of their favorite music but could also prove to have the X Factor themselves and be our stars of tomorrow."

I'm not so sure about the last half of that statement, but it's a a trend worth watching.