Considering the question of balancing aesthetic versus financial needs and what you have learned throughout the semester, is there a series of metrics that can appeal to artists, organizational leaders and stakeholders If so, name these metrics and their - Essay Example

Download file to see previous pages... Many musicians consider album sales as the sole generator of revenues. However, album sales can also be an indicator of the success of a musician. The sales indicate the portion of loyal supporters willing to support musical careers of most artists (Sterne, 2010). Thus, high album sales are indicative of long-term success for musicians. Tickets from live concerts are an indication of the growth of artists. Merch sales indicate the online and offline purchases of music products. Sync/licensing place refers to the pitching of existing songs. The trend amazingly attracts huge revenues and is a measure of success for musicians.
Newsletter subscriptions can indicate the size of the most loyal fans. Subscribers can purchase products from artists and support the music careers. Sturdy presence in the social media is an indicator of growth and imminent success (Sterne, 2010). The existence of numerous stories about the artist or music indicates success. The fan base network also indicates the possibility of growth. In some cases, fans make purchases via social media. Thus, the success of music depends on numerous indicators other than sales and royalties. Proper management of the varied indicators can turn the musical career into a lucrative ...Download file to see next pagesRead More