Well you make money from myspace and the rest
You make money from the fair share proportion of myspace's advert revenue (which is what last.fm now actually do), gigging, selling of music, donations, film/tv scores and anywhere somebody wants to make money from it.
The part that really pisses me off, is all these ageing artists who expect there recordings the did 30 years ago. Now i'm a programmer, i create software hence i'm a creative. But i don't expect the software i get paid for to write yesterday to pay me tomorrow. What people like Billy Brag and Cliff Richard are asking for is to have an easy life because there musically talented. Well you should do like the rest off us do and put aside some of the money you make today to cover when you too old to work. If you were to greedy and drugged up to do that the well take a state pension and do like the rest off us have too.
Now i am a so called freetard yet i probably spend more money on music and gigging (about £500 in the last year) than anybody i know. now if there where 60 - 100 people paying out that money each that covers one artist so it doesn't really take a genius to work out that you can support a rather large number of artists of off only a relatively small proportion of the population. Copyright was instigated to protect artists and creative's so that they could make a living but so that it would enrich us as a whole. With the current costs of production that happens in a much shorter period of time.