fbpx

PROFILE

MY SUBSCRIPTION

LOGOUT

x

The latest industry news to your inbox.

    

I'd like to hear about marketing opportunities

    

I accept IQ Magazine's Terms and Conditions and Privacy Policy

75%+ of richest artists’ income is from touring

On average, the ten highest-paid artists made more than three quarters of their income last year from touring, reveals a new list of music’s biggest money-makers.

The list, compiled by Billboard, combines revenue from sales, streaming, publishing and touring. Of the top ten – Beyoncé, Guns N’ Roses, Bruce Springsteen, Drake, Adele, Coldplay, Justin Bieber, Luke Bryan, Kanye West and Kenny Chesney, in that order – only one placed artist, Drake, earnt more from recorded music than from live.

Beyoncé (pictured) brought in US$4.3 million from sales, $1.9m from streaming and $1.3m from publishing, but $54.7m from touring (her Formation world tour was the highest grossing of the year); for second-placed Guns N’ Roses, meanwhile, the figures are $771,700, $670,800, $499,600 and $40.4m, respectively.

Beyoncé’s Formation world tour grosses $256m

Drake, the sole exception to the rule, earnt $18.1m from streaming compared to $13.6m from touring. Kanye West’s streaming performance was also strong ($7.6m), although it was still under half the $15.4m he took home from live shows.

Added together, income from sales, streaming and publishing for the top ten totalled around $71.1m – or just 24.4% of the $291.7m they made from touring.

Music streaming is, of course, on the rise, climbing 9.9% in the first six months of 2017 alone. But –Drake aside – Billboard’s charts illustrate how even the world’s biggest artists are struggling to make significant money from streaming – and prove once again that it’s a good time to be in the concert business…

 


Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.

LAMC apologises for GNR Singapore chaos

The promoter of Guns N’ Roses’ first concert in Singapore has apologised for the logistical issues that plagued Saturday night’s show, but ruled out giving refunds to the any of the 50,000 attendees.

GNR’s Not in this Lifetime reunion tour visited the Changi Exhibition Centre on 25 February, and while the performance itself was well received, promoter LAMC Productions was inundated with complaints from concertgoers unable to buy food and enter or leave the venue. There were reportedly queues of up to an hour to buy food and drink – which quickly ran out, leaving many unable to spend the pre-loaded money on their RFID wristbands – and delays on entry and exit, with some complaining of a wait of more than an hour for the post-gig shuttle bus.

Speaking to The Straits Times, LAMC co-founder Ross Knudson took responsibility for the problems, telling the paper that “maybe it [the show] was too big for us”.

He continues: “We needed a lot more staff, buses and F&B [food and beverage] and to manage the site better. […] I want to apologise for that. It’s a very big endeavour and a very challenging venue to do a show there, but I don’t want to make excuses.

“It’s a very big endeavour and a very challenging venue to do a show there”

“We’re not going to be refunding tickets, but we apologise.”

Unspent balances on wristbands will, however, be refunded.

Sandpiper Digital Payments (SDP) Asia, the supplier of the RFID technology, says it told LAMC before the show there were insufficient F&B facilities and entry queues for 50,000 concertgoers. In a statement, released today, SDP Asia director James Kane says the promoter was “made aware their plans were inadequate [ahead of time]. This pertains to entry, cashless signage, pre-event top up collection, top-up stations, F&B fulfilment, etc.

He adds, however, that “it is the final decision of the organisers and their team to follow or ignore the recommendations”.

The GNR concert was the second to be held at the 75-acre Changi Exhibition Centre, following a LAMC-promoted Metallica show in 2013.

 


Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.

GNR sell 2m tickets in 2016

Guns N’ Roses sold more than two million tickets in 2016, tour promoter Live Nation announced today, making Not in this Lifetime the most successful rock tour of the year.

The tour, the first by the ‘classic’ line-up of Axl Rose, Slash (pictured) and Duff McKagan since 1993’s Use Your Illusion tour, kicked off in April with an intimate set at the 500-cap. Troubador in West Hollywood, taking in a headline slot at Coachella later that month and arenas and stadia in North and South America, culminating with two shows at the Palace of Sports (26,000-cap.) in Mexico City on 29 and 30 November.

In addition to previously confirmed Asian and Australasian dates for 2017, the band today announced another 35 European and North American stadium shows for 2017, including Slane Castle in Dublin, the London Stadium, the Stade de France in Paris, Hayarkon Park in Tel Aviv and a headline slot at TW Classic in Belgium next July.

A full list of GNR’s new 2017 dates is below:

Europe

Saturday, May 27, 2017

Dublin, Irish Republic

Slane Castle

Tuesday, May 30, 2017

Bilbao, Spain

San Mames Stadium

Friday, June 2, 2017

Lisbon, Portugal

Passeio Martimo De Alges

Sunday, June 4, 2017

Madrid, Spain

Vincente Calderon Stadium

Wednesday, June 7, 2017

Zurich, Switzerland

Letzigrund

Saturday, June 10, 2017

Imola, Italy

Greenfield

Tuesday, June 13, 2017

Munich, Germany

Olympiastadion

Friday, June 16, 2017

London, United Kingdom

London Stadium

Tuesday, June 20, 2017

Gdansk, Poland

Stadion Energy Gdansk

Thursday, June 22, 2017

Hannover, Germany

Messe

Saturday, June 24, 2017

Werchter, Belgium

Classic

Tuesday, June 27, 2017

Copenhagen, Denmark

Telia Parken

Thursday, June 29, 2017

Stockholm, Sweden

Friends Arena

Saturday, July 1, 2017

Hämeenlinna, Finland

Kantolan tapahtumapuisto

Tuesday, July 4, 2017

Prague, Czech Republic

Letnany Airport

Friday, July 7, 2017

Paris, France

Stade de France

Monday, July 10, 2017

Vienna, Austria

Ernst Happel Stadion

Wednesday, July 12, 2017

Nijmegen, Holland

Goffert Park

Saturday, July 15, 2017

Tel Aviv, Israel

Hayarkon Park

North America

Thursday, July 27, 2017

St Louis, MO

The Dome At America’s Center

Sunday, July 30, 2017

Minneapolis, MN

U.S. Bank Stadium

Wednesday, August 2, 2017

Denver, CO

Sports Authority Field at Mile High

Tuesday, August 8, 2017

Miami, FL

Miami Marlins Stadium

Friday, August 11, 2017

Winston, NC

BB&T Field at Wake Forest University

Sunday, August 13, 2017

Hershey, PA

Hersheypark Stadium

Wednesday, August 16, 2017

Buffalo, NY

New Era Field

Saturday, August 19, 2017

Montreal, QC

Parc Jean Drapeau

Monday, August 21, 2017

Ottawa, ON

TD Place Stadium

Thursday, August 24, 2017

Winnipeg, MB

Investors Group Field

Sunday, August 27, 2017

Regina, SK

New Mosaic Stadium at Evraz Place

Wednesday, August 30, 2017

Edmonton, AB

Commonwealth Stadium

Friday, September 1, 2017

Vancouver, BC

BC Place Stadium

Sunday, September 3, 2017

George, WA

The Gorge

Wednesday, September 6, 2017

El Paso, TX

Sun Bowl Stadium

Friday, September 8, 2017

San Antonio, TX

Alamodome

 


Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.