I heard something on the radio the other day about a musician who was selling albums but still couldn't afford her rent as the income from Spotify etc is so little.
Combined with no live gigs for most of the year, musicians (among many others) have had a hard time.
I'd have been happy with paying an extra £7 for a Nubya signature on her album. Actually Shabaka charged more (his signed album was around £50). I did actually pay for this and later regretted it, although later got refunded because it was never sent out.
If more artists adopt vmp's pricing then regrettably I'll be streaming their albums instead (ie Yussef). I do think Nubya's pricing was reasonable tho...I'll continue to buy vinyl if I think it's a reasonable price and I hope there's some common sense decisions made by those in the industry.
With streaming, the artist gets something like .0008 cents per stream. Unless you are Beyonce level, your cheque from streaming might be $50 a month if lucky.
Vinyl doesn't sell much in the overall scheme of things. Even 2000 or 3000 copies yields a relatively small amount to the artist. $10k or maybe $15k. Split between band members - beer money. Radio royalties are now minor, and also go mostly to the biggest pop artists.
Don't ever count on a record label to make a common sense decision.
I too sympathize with the price of vinyl. I rarely get anything under $35 now and some are even more. I end up being more selective.
But don't blame the artists. Many can't afford to buy their own records.
I am willing to pay more for newly recorded vinyl from interesting artists, of which the UK jazz scene has quite a few these days.
Reissues, where there are no recording costs to recoup, the label owns the rights and the royalty rate is low, is another matter. Unlike some, I tend to pass on the latest, audiophile, definitive, best mastering, super 180 vinyl from a rock star mastering guru (when did mastering engineers become folk hero celebrities?) because that is where the real gouging is taking place, and sadly where far too many are eager to play along.