How record deals work and making money in the music industry, FT Film

How many streams does it take to make minimum wage Streaming platforms like Spotify now dominate the music business. Social media apps like TikTok and Instagram are changing the playing field. And some artists are moving away from traditional record deals and revenue sources in favor of independence. The FT s Don Newkirk Jr asks some of the world s biggest music companies, record labels, and producers how they are adapting to this fastchanging industry. And he follows an upandcoming hiphop artist struggling to make his fair share just as the coronavirus pandemic hits. Music Soundtrack by Dirty Blonde , Recordlabels, Recorddeals, FinancialTimes See if you get the FT for free as a student or start a 1 trial: Check out our Community tab for more stories on the economy. Listen to our podcasts: Follow us on Instagram: