In this first clip, he says 70% of his revenue comes from licensing.
He also states that he believes the cream may not always rise to the top. That if someone is a pure artist, and doesn't want to get into social media, they may not be heard.
http://www.businessweek.com/videos/2014-...-licensing
In this longer clip, he discusses the music industry, streaming and making money in the digital age:
"A label today is nothing more than a fat wallet and a huge staff."
"Today, if you're an artist, you are a walking-talking brand. And if you don't subscribe to that, you will not succeed."
"So social media is everything."
Cites Macklemore as an example of how to do it right.
http://www.businessweek.com/videos/2014-...king-brand
Notes at end that with the "web" you can sell merchandise without touring.