Marsden Mackem
Winger
And have second or more likely first jobs and do the touring around their holidays certainly in the genres I listen too for every Metallica and iron maiden theres thousands of bands making next to nowt. Is why seeing so many bands following the Kiss merchandising as well, jigsaws , beer, whiskey seen one label doing a coffee and tshort combo with the coffee blends named after the band tshirt you get and one death doom band selling chilli sauce. Its those smaller and midsized bands that were selling 5-50-000 records that could just about make a living from with touring on top cant now.They make money from touring and merchandise - or not.
As has ben said its become more rigged towards the larger record labels and artists and in essence has become a record label sponsored Pirate Bay as thats where the money is going, to a point where it always did in the past on CD sales as well wasnt it like 40p from each sale went to the band.
Have been listening to a really good podcast series from a festival promoter who has had a lot of people in the industry, managers, tour managers, booking agents etc etc as well as band members who also have their own agencies and its been eyeopening.