INDUSTRY RESEARCH : ARTISTS
WHAT DOES AN ARTIST DO?
So... hopefully your mind took a little trip down melody lane to a more relaxing place than all this work stuff. ;-( I know the feeling. Why do you think I chose the music industry as my first report? Now, I think you are all pretty aware of what an artist does and the website www.celebritytalent.net has a great tool to gage their value, but have you ever considered how many people are involved in the supply chain that supports them? I want to detail the compensations for those folks as well. Consider that the music industry is a leading indicator for the health of the economy in general. According to a report from the Bureau of Economic Analysis www.bea.gov and the National Endowment for the Arts www.arts.gov, its contribution to GDP is almost 5 percent and employs more than 3 million people with the largest share being motion picture and video industries at 300K employees. In 2013 the government will classify R&D for the National Endowment as an investment and not an expense for the first time in its existance.
Intellectual property patents and copyright account for 5 trillion dollars in USA economic GDP
publishers creating, producing, distributing, broadcasting and exhibiting copyright material contributed 1 Trillion dollars in GDP and account for 100-200 billion in exports while employing 5 million workers. Arts and Culture account for 3% of America's GDP according to the National endowment for the arts, even so, it is common for many artists to struggle until they become profitably marketable and signed. The majority of the biggest profits go to a few of the top artists but the supporting and supply chain staff can make still make a comfortable living.
Below are a few of the Bureau of Labor Statistics associated with the music and entertainment industry should the lifestyle of a new artist be less than comfortable...
13-1011 Agents, Artists Managers, Performers, Athletes 11,770 088,260 $44
27-1010 Artists and Related Workers 84,990 073,980 $37
39-5091 Makeup Artists, Theatrical and Performance 1,950 067,580 $34
27-2042 Musicians and Singers 42,100 062,000 $31
27-2000 Entertainers and Performers, Sports Related 489,840 056,890 $28
27-0000 Arts, Design, Entertainment, Sports, & Media 1,750,130 054,490 $27
27-2099 Entertainers and Performers, Sports Related 16,630 044,000 $22
27-2031 Dancers 11,390 044,390 $22
27-2012 Producers and Directors 87,010 041,680 $21
27-2040 Musicians, Singers, and Related Workers broad 67,050 030,000 $15
27-2031 Dancers 11,390 020,000 $10
research conducted using the Bureau of Labor Statistics at www.bls.gov
