SUPPORT us on PATREON: https://www.patreon.com/twocentspbsds SUBSCRIBE to Two Cents! https://goo.gl/jQ857H Even before live gigs were cancelled, many musicians were struggling to make a living... what can you do to help your favorite artists? Two Cents on FB: https://www.facebook.com/TwoCentsPBS Two Cents on Twitter: @twocentspbs Email us: [email protected] Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions. sources: https://www.rollingstone.com/pro/news/the-median-u-s-musician-is-still-making-under-25000-a-year-666833/ https://www.npr.org/templates/story/story.php?storyId=17272855 https://www.theguardian.com/music/2019/may/31/napster-twenty-years-music-revolution https://money.cnn.com/2010/02/02/news/companies/napster_music_industry/ https://www.investopedia.com/articles/personal-finance/121614/how-pandora-and-spotify-pay-artists.asp https://www.businessinsider.com/how-apple-music-and-spotify-pay-music-artist-streaming-royalties-2020-1 https://www.theatlantic.com/ideas/archive/2020/03/musicians-coronavirus-second-cataclysm/608074/ https://www.theguardian.com/music/2017/jan/30/where-does-concert-ticket-money-go https://www.wsj.com/articles/for-musicians-screen-time-is-a-growing-source-of-income-11556377200 https://smallbusiness.chron.com/divide-percentages-record-label-39258.html https://www.thebalancecareers.com/how-does-tour-merchandising-work-2460898 Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson Directors: Katie Graham & Andrew Matthews Written by: Jon Fortenbury Executive Producer: Amanda Fox Produced by: Katie Graham Edited & Animated by: Andrew Matthews Images by: Shutterstock Music by: APM stock footage: The Prelinger Archive and British Pathé special thanks to Tim Kasher