What was the "net worth" of the biggest artists in the music world in 2007? The LA Times just did an interesting analysis, combining the total revenues that artists accumulated, based on all sources: concert box office, album sales, and even digital tracks sold through iTunes and other web sources. Depending on the artist, of course, the revenue mix is interesting. Classic bands benefit heavily from tours, whereas you have to respect the artists that have a balanced mix of concert revenue and music sales.
The results are surprising in some places, and maybe they’re not. The leader of the group is The Police with over $140 million in total revenue. Obviously, the tour was the key driver, and it helped them move a considerable amount of album catalogue. Also in the Rock world, Van Halen and Bon Jovi round out the Top 10.
Josh Groban comes in at #2, based on the sales of Noel, but also a successful concert tour. Justin Timberlake is also in the mix in the third position, while Country shows up well with Kenny Chesney, Faith Hill/Tim McGraw, and Rascal Flatts in the Top 10.
Those of you with teens and tweens won’t be surprised that Miley Cyrus (Hannah Montana) cruises in at better than $86 million.
In the 11-20 positions, other familiar names pop-up, including Springsteen, The Eagles, Genesis, Billy Joel, and finally Linkin Park.
And that raises the issue about where Active Rock and Alternative bands are in the overall mix? Had these calculations been done 10-15 years ago (thus excluding digital sales), you would have to believe that Metallica, Pearl Jam, the Chili Peppers, and even Nickelback would have hit the upper registers of this chart. But in 2007, it was Classic Rock, Country, and Disney – just about everything else wallows by comparison. As is the case in the ratings as well, money most definitely talks.
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Fred was inducted into the Radio Hall of Fame in 2018.
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