What Do Madonna, Lady Gaga & Bon Jovi Have In Common? Pots Of Cash!
Madonna has emerged as the top earning musician of the year after she raked in £77m in ticket and merchandise sales, beating the likes of Lady GaGa and Bon Jovi who fell in at second with £49.6 m and third with £49m respectively.
Image caption Apparently, the biggest revenue stream for top artists nowadays is concert sales as album ownership decreases and illegal downloading increases. It's a fact that's hardly surprising considering the planet's biggest popstars routinely charge upwards of £50 for a ticket for a concert held in what is often a 50,000+ capacity arena. The maths is boggling.
Justin Bieber's Earnings Were Dwarfed By Five Other Stars.
Plus, as music purchases decrease, concert attendances remain healthy with a projected increase of around 15% in the next year, according to Stifel analyst Benjamin Mogil, via Forbes. Apparently the rise of live electronic dance music performances as well as the ever-popular festivals are both catalysts in the extremely healthy live music scene.