All DJ’s must love music in order for them to be effective. A good DJ should be humble enough to understand that without songwriters, artists, and everyone involved in producing music, we would be without the stuff that enables us to make a living. So keeping tabs on the dynamics of the music industry comes second nature for a serious pro.
I found an article in the March 5, 2009 Wall Street Journal that listed the highest revenue generating artists of 2008. Just thought my clients and readers might be interested in the results. Keep in mind that most artists spend gobs of money on business expenses such as agents, promoters, event planners, set-up staff, technicians, drivers, etc. But the numbers show that for these superstars – the music industry is still a pretty good gig if you can get it. For almost all of the artists, touring generated the most revenue.
Billboard’s Moneymakers List 2008
www.billboard.com
1) Madonna: $242,176,466
2) Bon Jovi: $157,177,766
3) Bruce Springsteen: $156,327,964
4) The Police: $109,976, 894
5) Celine Dion: $99,171,237
6) Kenny Chesney: $90,823,990
7) Neil Diamond: $82,174,000
8) Rascal Flatts: $63,522,160
9) Jonas Brothers: $62,638,814
10) Coldplay: $62,175,555
11) The Eagles: $61,132,213
12) Lil Wayne: $57,441,334
13) AC/DC: $56,505,296
14) Michael Buble: $50,257,364
15) Miley Cyrus: $48,920,806
16) Taylor Swift: $45,588,730
17) Journey: $44,787,328
18) Billy Joel: $44,581,010
19) Mary J. Blige: $43,472,850
20) Kanye West: $42,552,402
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