Co-written by Amy Berryhill.
Since the early days of the music industry, artists have struggled to get their fair share of royalties from the purchase of their music. With overhead from publishers, record labels, streaming services, and so forth, artists struggle to maintain direct relationships with their finances. All of this overhead is crippling for artists’ incomes. As Jonathan Chester, contributor at Forbes, notes “artists lose up to 86% of the proceeds from their music.” With all the dramatic shifts that have taken place in the music industry, revenues are currently unsteady – and artists are taking the brunt of it all – but blockchain may fix that.