How much is a song worth? How do you even calculate it? And what do DJ Shadow, Tom Waits, and the Wu-Tang Clan have to do with it? Mike Rugnetta answers these and other questions.

-- Sources --

The Spotify Calculator
http://time.com/3590670/spotify-calculator/

That Chevy Ad with the DJ Shadow track
https://www.ispot.tv/ad/7sTc/chevrolet-attract-attention-song-by-dj-shadow

Tom Waits on musicians allowing their work to be used in commercials
http://dangerousminds.net/comments/tom_waits_on_musicians_allowing_their_work

Tom Waits: Not a Jingle Writer
http://www.npr.org/templates/story/story.php?storyId=4633751

NYT CD Cost Breakdown
http://www.nytimes.com/1995/07/05/arts/pennies-that-add-up-to-16.98-why-cd-s-cost-so-much.html

Wal•Mart Wants $10 CDs
http://www.rollingstone.com/music/news/wal-mart-wants-10-cds-20041012

How Much Do Artists Earn Online – 2012
http://www.themusicvoid.com/2012/08/infographic-how-much-do-artists-earn-online-2012/

The New Economy of the Music Industry
http://www.rollingstone.com/music/news/the-new-economics-of-the-music-industry-20111025?page=3

Zoë Keatings 2013 Earnings
https://docs.google.com/spreadsheet/ccc?key=0AkasqHkVRM1OdHg2eWZRYVp1YmgyUDFvbWtwLWNCN0E#gid=0

The Wu – Once Upon a Time in Shaolin
http://wu-ha.wutangclan.com/the-secret/

-- a previous version of this episode contained the following music --

Intro: Talking about Money by Wye Oak. From The Knot.
Break #1 – Building Steam… by DJ Shadow. From Endtroducing.
Break #2 – C.R.E.A.M. by The Wu-Tang Clan. From Enter the Wu-Tang (36 Chambers).