I’ve been buying albums from new artists for the past year or so. If I find myself repeatedly listening to a new release on Spotify or Apple Music, I buy the record. It’s usually about $30 w/ shipping which is steep but I’ve long suspected that the margin is pretty good for the artist so, why not.
A couple of recent purchases are Yola from the Easy Eye store and a couple of Rose City Band releases from Thrill Jockey. Have listened to them a few times and really like having the artwork/liner notes.
Anyway, came across this today:
A vinyl record costs ~$7 to manufacture, and a band typically sells it directly to fans for $25 — good for $18 in profit.
By contrast, streaming services only pay out a fraction of a penny for each listen.
A band would have to amass 450k streams on Spotify to match the profit of 100 vinyl sales.
So I think my assumption was correct that buying records from artists is a good way to support them. Anyway, so more interesting numbers around vinyl and supply chain are in the full article.