{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Better Financial Futures","title":"The Hidden Money Problem in Music with Kwame Kwaten","html":"","width":"100%","height":180,"duration":1651,"description":"In this episode of Better Financial Futures, John Boatman is joined by music industry executive, entrepreneur and long-time friend Kwame Kwaten for a fascinating conversation about money, royalties, financial education and building a sustainable career in the creative industries.\nKwame shares his remarkable journey from performing with D Influence and supporting Michael Jackson, to discovering million-selling artist Shola Ama in a London tube station and working with some of the biggest names in music. Along the way, he reflects on the financial lessons he learned, the challenges many artists face with money management, and why financial education is desperately needed from an early age.\nThe conversation explores how musicians earn income, the realities of royalty payments, the importance of understanding contracts, and the changing landscape of the music industry where artists have more control than ever before. Kwame also discusses the challenges facing grassroots music venues, the rise of artist ownership, and the growing value of music catalogues as long-term assets.\nThis episode is a powerful reminder that talent alone is rarely enough. Understanding money, protecting your interests and creating multiple income streams are essential ingredients for building a successful and sustainable future.\nWhat we cover in this episodeKwame’s journey through the music industry and entrepreneurshipWhy financial education should be taught in schoolsThe money mistakes many successful artists makeDiscovering Shola Ama in Hammersmith Tube StationHow musicians earn money from royalties and publishingThe importance of understanding contracts and ownershipWhy artists are increasingly self-publishing their musicThe challenges facing independent music venuesBuilding multiple income streams within the creative industriesThe growing value of music catalogues and royalty incomeLessons learned from decades in the music businessKwame’s biggest financial mistakes and what they taught...","thumbnail_url":"https://img.transistorcdn.com/s6VlXx3F_lvNFAdgcLwcSKJxY60586VWYo0yCWUdEfE/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS81YWIw/MDU1OGI4N2Y1NmY1/YzAwMDgzMGE1MzAx/ZjlmNS5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}