From about age 8 - 18, about 3/4 of what I had as money was spent on music that was overpriced for the time due to record company and performer greed.
Excuse me for shedding a few crocodile tears.
Record Companies got virtually all of it.
When the contractual smoke on the Moody Blues single "Go Now" cleared (it went gold) the 6 guys in the band wound up with $500 to split 6 ways.
After that screwing they formed their own publishing co. Threshold Records.
Most musicians have to live on the road to survive, record sale royalties were always squat.
Even at that their real income isn't ticket sales but merchandising.
More than one act had to have their lawyers argue over Who owned the tee shirt concession at the front door.