This is consistent with the findings in the Austin Music Census–Pandora’s infamous “musician middle class” has been hollowed out and unsigned artists fall into poor and poorer
In 2016, Patreon boasted that 7,960 users were now making over $100 a month, which struck me as such an insignificant monthly income to brag about. Around the same time, the company reportedly had 25,000 creators, meaning only 31 percent of Patreon’s users were making over a hundred bucks….Even if creators are struggling to make money, investors see Patreon as a goldmine. In September, Patreon announced a $60 million dollar investmentfrom venture capital firms, bringing its total funding to $107 million, according to Crunchbase.
via @brentknepper: No One Makes a Living on Patreon — Artist Rights Watch
[from http://ift.tt/2llz3cO]
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