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Any examples? Any diference between newbies in the music world and the old veterans?

2006-12-26 01:56:59 · 2 answers · asked by Roqui 1 in Social Science Economics

2 answers

"In 2003 the total value of recording sales (including CDs, singles, LPs, etc.) in the U.S. was $11.8 billion according to IFPI (2004), while the total value of concert ticket sales was $2.1 billion according to our tabulations. Thus, from the consumers’ perspective, recordings are a much larger market, but from the artists’ perspective, concerts represent a much more important income source. This point was made by Scott Welch, manager of Alanis Morissette and LeAnn Rimes: “The top 10% of artists make money selling records, the rest go on tour.”

2006-12-26 10:44:54 · answer #1 · answered by Aldo 4 · 0 0

None. Tours usually lose money and are done only to promote records. Whatever money artists make from touring is made indirectly through higher record sales and leading to higher royalties.

The only exceptions are hired hands (musicians that are not on the record label contract and are hired specifically for the tour); their pay is negotiated prior to the commencement of the tour.

2006-12-26 03:18:20 · answer #2 · answered by NC 7 · 0 0

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