The iconic frontman of Stone Sour and Slipknot, Corey Taylor, had a recent interview with the Irish Times and revealed how much money Slipknot gets from Youtube and other music services.
In the interview, Ronan McGreevy has asked some interesting questions to Corey Taylor and one of them is:
“As a successful band, could you survive just on your royalties from streaming sales?”
Corey Taylor answered:
“You could if the streaming system wasn’t set up the way it is. You are being paid less than pennies. In the United States, they have passed the legislation [the Music Modernization Act 2018] but it is being appealed. I am hoping that it will be struck down.
If the streaming systems paid more online with how publishing in radio pays – people could make a living. I have had friends of mine who have had to retire and they are popular bands because they can’t make a living.
Mid-card bands and lower, it is hard for them. It almost pays better to play the local pub and do the door deal. You make more money doing that than making an album. Labels don’t take the same chances but they are taking the lion’s share of the money because of the way it is set up.
Until the artist is paid fairly, it is going to be a constant fucking battle. I saw this coming years ago. I haven’t got a problem with streaming. I have got a problem with how these streaming services rip off the artist and I’ll say that until the day I die.”
Ronan McGreevy continued to ask another question:
“Give us an example. What’s the going rate for a million streams?“
Corey Taylor said:
“The lowest rate is YouTube. A million streams on YouTube is 0.04 percent of a penny. On a million streams you get $400 and that’s just me doing shitty math in my head. People can’t live on that and there’s not a lot of people who get these numbers.
The majority of this goes to the record label anyway. The streaming services are not willing to pay the talents who write the songs and make the music and yet they are sitting on billions of dollars.
They are buying whole blocks of buildings and then taking over floors in there and yet they don’t want to pay the people who made the money for them. It’s insane. It’s tough all over in a lot of ways. Something has to change. I don’t know what that will be.”
Click here to see more of his interview: