As the music industry continues to experience a dramatic turnaround and uptick in profits, some producers are also benefiting financially.
More and more producers are using the strategy of beat licensing to reap huge earnings.
Most of the time, traditional producers have to split their gains and wait on payments from labels and performing rights societies.
A number of emerging producers are cutting out the middlemen and taking a different approach, by leasing their productions through several platforms.
“Anybody can be where I am if they bust their ass and focus on marketing,” said producer Taz Taylor, who told Vice during a lengthy study on the subject that he earns well over $500,000 each year using the method producing for Gucci Mane, Kodak Black and others.
“It’s not how good the beats are; it’s your branding. I’m not an exception to the rule. I can name over 30 people who make over six figures online. All come from nothing.” – Taz Taylor
Here are the top three marketplaces producers are experiencing real monetary success, by licensing their beats.
BeatStars was created for writers, performer, beat maker, producers, engineers, record labels, publishers, videographers, artists and creators in general.
According to the company:
BeatStars was built for the person telling their story with music and to find like-minded people to experience it with. Music is the universal language that connects us across the globe. Music brings out our human emotions and music is the unified voice of the people.
AirBit was created by a former producer named Wasim Khamlichi, a graduate of London’s SAE Institute.
His first company was called MyFlashStore, but a quick name change to “AirBit” and Khamlichi put his skills to use make an automated beat making business, which also generates tens-of-millions of dollars each year.
“More and more major artists are looking for beats online, working with producers who sell beats online, or launching careers from beats bought online,” Wasim Khamlichi told HipHopDX.com. “I believe this is where the industry is headed and Airbit is at the forefront of it all.”
SoundCloud may have been troubled and losing millions, but the company seems to still remain a bright spot for producers. Using SoundCloud’s “Premier” tools, producers like Taz Taylor are pulling down six figures each year leasing or selling beats.