Musicians Are Now Making More Money Through Tours, and You Would Not Believe How Much Ed Sheeran Has Made!
There was a time when musicians would make fortunes by selling their CDs around the world, however that time is in the past thanks to advancements in technology. Now, the world has moved past the CD era and prefers to listen to music online through the many available streaming options, some of which are completely free of cost such as YouTube.
So, one wonders, how do these artists make any money if the world is listening to their music without paying a single penny? Well, there is still one medium where people need to buy tickets to hear their favorite singers: a concert. According to Zach Bellas, who founded the music label called SBM Records, the major portion of an artist’s total income comes from touring as well as live performances.
Not All Concerts Are Equal
Of course, not all kind of music is suitable for the concert medium. For example, people prefer to listen to slow music when they are alone, so they are unlikely to come to a concert and do the same. However, as far as rock music is concerned, people prefer to dance to it, and that is why they make sure to grab the opportunity of attending a rock concert.
According to a report published by the Wall Street Journal, even though the genre of rock is not as popular a genre as hip-hop or even pop, the artists who make rock music are able to generate more amount of money through their concerts, on average, compared to artists singing other genres of music.
Garth Brooks Made Millions On His World Tour
When it comes to the record for the most number of concerts done as part of a single music tour, singer Garth Brooks has broken it. The artist remained on tour for over three years in between 2014 and 2017, and, along with Trisha Yearwood, who is his wife, managed to sing in front of an estimated 6 million people. This figure is just for the shows he did in the US and Canada. The total cumulative earnings from this tour were approximately $364 million.
But there are stars who have made much more than this. According to reported figures, Madonna managed to generate around $408 million from her tour called Sticky & Sweet which she performed during the period of 2008 and 2009. She is also the only female singer to have earned a spot in the top ten list of artists with the highest grossing tours.
Other High Grossing Tours
The tour called Head Full Of Dreams by the band Coldplay, which had started in the year 2016, and concluded within a year, managed to garner a staggering $523 million, most of which came from their performances in France as well as London.
But the highest grossing tour on the list has to be Ed Sheeran’s Divide tour, which the singer embarked upon in the year 2017. He sang the songs from his newest album. The tour earned him an impressive $750 million, making it one of the highest grossing tours in history.
More in Business Lounge
You’ll Definitely Learn a Lot From This Writer’s Story About The Best Piece of Debt Advice They Just Didn’t Take
One of the most common financial struggles that people face is having and managing various kinds of debts. And with the...February 13, 2020
Style Billionaires: These Are The Wealthiest People Behind The Biggest Names in Fashion Today
The fashion industry is one of the largest segments of the world’s economy. In fact, sources estimate that it is currently...February 12, 2020
Can Going on a Cruise Alone Be Actually Fun? Yes, But You Need to Follow These Tips First
Cruises have a reputation for being a travel arrangement meant for couples. There’s even a song saying how ‘cruising is made...February 12, 2020
Millionaires Tend to Be Happier in Life Because of This Simple Thing That Has Nothing to Do With Money
It’s no secret that millionaires live a charmed life. With almost unlimited resources at their fingertips, they’re able to get everything they...February 11, 2020
Here’s Your Inside Look At an Extravagant $48 Million Florida Estate That Looks Worth Every Penny of Its Eye-Popping Price Tag
There are mansions. Then there are megamansions. And this new Italianate-style estate in the city of Coral Gables, Florida certainly counts...February 11, 2020
Get to Know The Inspiring Couple Behind America’s Favorite Chinese Fast Food Restaurant
It’s no secret that Americans love eating Chinese food. No wonder a lot of restaurants serving delicious Asian cuisine have found...February 11, 2020
Get In Here All Single Ladies! This Japanese Billionaire Is Looking For Someone To Take On An Out Of This World Trip
Space travel isn’t an entirely new concept today. However, the chance of experiencing this amazing activity is still limited to a...February 11, 2020
These Are The Design Secrets Behind Creating a Home Office That’ll Actually Help You Get Things Done
Working from the comfort of one’s home is an opportunity that not everybody has. But although many people dream of having...February 11, 2020
Prince Harry & Meghan Markle Just Made a Shocking Decision That Shook Up The Royal Family–Here’s Everything You Need to Know About It
Since they got together as a couple, the Duke and Duchess of Sussex have been known for their not-so-traditional ways. But...February 11, 2020