I think the actual quote may have been closer to the following.
"It's very hard to make money in music but it's fairly easy to make money from people trying to make it in music." - Angus W
I should have written it down immediately after first hear it yesterday. Either way, it's close enough to the exact quote I heard.
It followed on from a statement I'd made that's it's virtually impossible to make money from music, but you could possibly make money from a persona or brand in music.
"I appreciate SDF but it's a general-purpose server and the name doesn't make it obvious that it's about art." - Eugen Rochko