Wow! I didn't think my thread would spur such lively debate! I hate to be the wishy-washy one in the middle, but I actually do support both positions...
On one hand, many of us have the outlook that we didn't choose this career, it chose us. I for one would have to exhaust every revenue-generating angle under the sun before I walked away and gave up on making music my career. As long as there's SOMEBODY making a good living at it (note that I said 'good'), I'll believe it IS possible.
However, let's be honest, this report is only one of many, many accounts on how saturated the marketplace has become for songwriters/artists/composers. While it may be getting easier to make a few bucks on your songs, becoming wealthy at it is becoming scarily difficult.
I think we have a responsibility to ourselves to be aware, and be honest about what's happening, and not just to assume that it'll all work out magically in the long run. Imagine being a really top-performing salesperson for a typewriter company in the early 80's.
When I read reports like this and read news detailing the erosion of performance royalties, the drying up of up-front licensing fees, and the plummeting of overall music sales, it makes me nervous. Once people start to think of art as a cheap commodity, it's hard to turn that ship of public perception around...
Just sayin'...
Cheers, Eliot.
Cheers,