Music Biz: Lil Uzi Vert Earned $900k Off Single, Label $3 Million via Music Stream
Get Your Streams Up People. There is MONEY TO BE MADE!
The Music Industry is the the Digital Music Industry. People don’t flock to Tower Records, Sam Goody, and the Mom and Pop record stores to big an album, single or CD. They log onto itunes, Spotify, and other streaming sources to get they new music. Many artist are cashing in on this directly to fans business method.
“XO Tour Llif3” has quickly become Lil Uzi Vert’s most popular song to date, racking up an incredible 1.3 billion streams across those various platforms. A trusted industry source lifted the lid on what Uzi will be taking home in profits from his smash hit. A feature on Vulture revealed that the song has made roughly $4.5 million, of which Uzi will pocket around $900,000.
The single which was voted “Song of the Summer” at the 2017 VMAs, was actually released on SoundCloud when Lil Uzi decided to leak his own music. The Philly rapper revealed he uploaded the track and others to the streaming service one night while on tour with The Weeknd, naming them on a whim just moments before uploading.
