Why It’s Important
Making money from your music is all about diversifying your income streams. While this may sound like a word reserved for Wall Street and New York executives, it’s equally important to musicians of any status. Diversity means you make money in more than one place. While musicians used to make the bulk of their money on record sales, today’s artists need to make a little here, a little there, and try to get all these different things to add up to something livable. These different income streams include streaming services, live shows, merchandise, licensing, and today’s topic, publishing. The most valuable aspect of publishing is getting placement in movies and TV shows.