Musicians in US receive just 12% of industry revenues, report finds

Citigroup analysis also points to rapid growth in consumer spending and rise in royalties

Musicians in the US received just 12% of the revenues their music generated in 2017, according to a report, though that figure is an improvement on the 7% they received in 2000.

The report, by Citigroup, finds that "consumer outlays (concerts, subscriptions) are at all-time highs", returning to a peak after a decline from 2006-10.