Superfan Economy Drives Modern Music Careers
As streaming revenues collapse for most artists, a new ecosystem built on direct fan relationships, AI-powered IP experiences, and brand fandom is reshaping not just music — but the entire entertainment industry
The superfan economy is not a music industry story. It is an entertainment industry story. The structural inequities created by streaming — 88% of tracks generating no royalties, three labels capturing 65% of global revenues — began in music. But the forces reshaping how artists build careers and how fans spend their money are now moving through gaming, film, webtoons, sports, and live entertainment alike.