1% of recording artists earn 77% of recorded music revenue

From The Atlantic:

Because the most-popular songs now stay on the charts for months, the relative value of a hit has exploded. The top 1 percent of bands and solo artists now earn 77 percent of all revenue from recorded music, media researchers report. And even though the amount of digital music sold has surged, the 10 best-selling tracks command 82 percent more of the market than they did a decade ago. The advent of do-it-yourself artists in the digital age may have grown music’s long tail, but its fat head keeps getting fatter.

Radio stations, meanwhile, are pushing the boundaries of repetitiveness to new levels. According to a subsidiary of iHeartMedia, Top 40 stations last year played the 10 biggest songs almost twice as much as they did a decade ago. Robin Thicke’s “Blurred Lines,” the most played song of 2013, aired 70 percent more than the most played song from 2003, “When I’m Gone,” by 3 Doors Down. Even the fifth-most-played song of 2013, “Ho Hey,” by the Lumineers, was on the radio 30 percent more than any song from 10 years prior.