21 May 2015
There's never been a better time to become a recording artist. Recording is cheaper than ever; bands have direct access to fans and record labels are no longer gatekeepers. The same is true for visual art. More people are choosing to be artists, and last year the art market reached a record US$66 billion in global sales. But who is really benefitting from this brave new world? In the music industry, 99% of recording artists share 23% of global revenue, meaning that 1% share 77% of global revenue. At the same time, the visual art world has its own 1%.
© Vice News