The music business begins with a song. The songwriter is the first person to create, and the last to get paid. If the industry hasn't figured out a way for songwriters to get paid, then the industry will cease to exist as a creative business. As additional money is made from music, more artists have opportunities to create for a living. The result is an increase in great songs being written, and more songwriters strengthening in their understanding of the craft.
How will music continue to generate revenue in the coming years? It is still relatively unclear, but we must have faith that the answer will be found. The traditional music business as we know it is not built to weather the type of storm we have seen in the last few years. It's like we've been caught wearing a bathing suit in a blizzard, and we can either hope that summer is coming back around someday soon or find a way to get warm right now.
NSAI (Nashville Songwriters Association International) is doing some great work lobbying in Washington on behalf of us songwriters. Check out what they've been up to here.
Keep writing (and see some recent statistics from 2010 here),
Ben
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