While hit recording artists get the glamour, it is typically their songwriting counterparts who lock-in a financially secure future. Songwriters have multiple music licensing opportunities and can often live on royalties from hit songs for decades. In contrast, a recording artist’s royalties may dry up just a few years after release of a hit CD.
For recording artists, royalties paid through record labels have historically been a primary income stream. As sales of physical CDs decline, recording artists seek new sources of music-related revenue.