Nine Ways Musicians Really Make Cash Today
With record product product sales plummeting to lows that are new right hereâ€™s just how top movie movie movie stars are assisting spend their bills
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Within the last decade-plus, the conventional method of earning money in the music company â€“ offering recorded records â€“ has fallen down a cliff, splintered right into a zillion pieces and been go beyond by that methylene train from Breaking Bad. Many top stars have switched their focus to attempting to sell concert seats; although that is a wise plan, in general, it is getting trickier given that most people are on your way with all the same concept. But there is nevertheless cash around. Pop movie movie stars only have to be inventive. “Despite the fact that the conventional methods to make money are challenged â€“ record sales and seats in specific â€“ there are methods for designers to exploit their talents that did not occur 10 years ago,” claims Gary Stiffelman, a veteran music-business lawyer who’s got caused Justin Timberlake, Eminem and Lady Gaga. just exactly What methods is he speaking about? Listed below are nine of the finest revenue that is alternate for stone movie stars.
By Steve Knopper
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Tees and Merch
Merch happens to be a staple in touring artists’ income channels for many years, and it’s really especially important for tween-focused pop music movie stars like OneDirection â€“ their fans’ moms and dads buy every thing. It is also a major earner for rock veterans from Iron Maiden to the whom. Those distinctive tops and caps are often classic.
Prospective payday: $225,000 per show
Downsides: Not all touring work will make the lofty $10-$15 per ticket-holder product product product sales of a amphitheatre that is super-hot such as for example OneD.