The Value of Music

6 Oct

Music-is-art-music-7125109-1024-1024I’ve got this idea about music. Music is art. But music isn’t valued as highly as art. Is it because music isn’t tangible like a painting? Do we value what we see more than what we hear? A musician can put the same time, expertise and effort into a song that a painter puts into a painting but the painting is instantly valued higher. Music has a lot of potential value as opposed to instant value. Lets say it takes me 3 weeks to write, produce *(£250), mix (£250), master (£200) and promote a song (£1000) costing me almost £2000, I then sell the song on iTunes for 79p (and collect 59p from it) The instant value is only 79p, but if it becomes a hit (That’s a big IF) it can produce royalties and gigs that turn it into £10,000 for example. I just realised I don’t know the process that a painter and their painting go through, nevertheless I’ll continue (artists please paint an accurate scenario for us in the comment section). If a painting takes 3 weeks to complete and £300 was spent on materials. Depending on your PR let’s say the painting then goes for £10,000…immediately. With time it could be could be worth hundreds of thousands. Could a song ever be immediately valued more than just 79p? Who’s gonna buy a song for £100? How do we raise the value of music again in an age of free downloads and streaming. One day I’m gonna sell an album for a £1000, I just need a few appreciators to back it and I’m good. I read this article below, we seem to think alike.




One Response to “The Value of Music”

  1. CM October 6, 2013 at 6:44 pm #

    But isn’t a song or performer valued thru live performance? Whether the consumer pays £30 or up to £250 for a ticket, depending on the value of the artist (just as in fine art) the art appreciates. Not all fine art is valued high right away, if ever. It’s the same in my opinion.

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