* Level of fame: A rising artist will earn significantly less than a well-established name.
* Streaming and downloads: Royalties from music streaming services like Spotify and Apple Music are a key source of income, but rates are very low.
* Live performances: Gigs and festivals are a major source of income, but the size and popularity of the event will determine the fee.
* Merchandise sales: Selling clothing, accessories, and other branded goods can be a profitable stream.
* Endorsements: Collaborations with brands can bring in significant income.
* Record label deals: Artists signed to major labels may receive a higher salary and better support, but they also have to share a larger percentage of their earnings.
Here are some general estimates:
* New, independent artists: May earn little to no income, relying on other sources of support.
* Rising artists: Can make a few thousand pounds per year through streaming, gigs, and merch.
* Established artists: Can earn tens of thousands or even hundreds of thousands of pounds per year, with successful artists potentially earning millions.
Factors impacting income:
* Record label support: A label can provide resources for marketing, touring, and production, which can significantly impact an artist's income.
* Genre popularity: Grime has become more mainstream, which means artists have access to a wider audience and more earning potential.
* Collaborations: Featuring on tracks with other popular artists can lead to increased exposure and income.
It's important to remember that most artists in any genre struggle to make a living wage, and many rely on additional income sources outside of music.