Report Wire - Springsteen tops ‘Rolling Stone’ journal’s ’10 Highest-Paid Musicians’ checklist

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Springsteen tops ‘Rolling Stone’ journal’s ’10 Highest-Paid Musicians’ checklist

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Springsteen tops 'Rolling Stone' magazine's '10 Highest-Paid Musicians' list

By IANS

LOS ANGELES: The pandemic could have fully up-ended the music business’s conventional enterprise mannequin, however artists discovered all types of the way to make many hundreds of thousands of {dollars} in 2021, based on ‘Variety’.And the massive winners had been almost all white and male if one goes by a ’10 Highest-Paid Musicians’ checklist printed by ‘Rolling Stone’ journal on Friday (US Time).Jay-Z, Kanye West and Taylor Swift are the three exceptions within the checklist that features Paul Simon, Ryan Tedder, Red Hot Chili Peppers, Lindsey Buckingham, Motley Crue and Blake Shelton.Created by former Forbes correspondent Zack O’Malley Greenburg, the checklist options a number of artists who cashed of their music catalogues for nine-figure sums final 12 months.The chief of the pack, studies ‘Variety’, was Bruce Springsteen, who not solely bought his publishing and recorded-music rights to Sony Music in December for determine sources say was round $550 million, but additionally was the uncommon performer to make a wholesome sum from reside performances, together with his ‘Springsteen on Broadway’ summer season reprise.Seven of the ten made the checklist primarily based on catalogue gross sales, with the one exceptions being Jay-Z, Kanye West, and Taylor Swift, who had massive years both with non-music ventures, comparable to West’s Yeezy shoe empire, or Jay’s sale of half of his champagne line.Or, to cite ‘Variety’, it was a “bounty of heavily streamed and sold music”, as within the case of Swift’s 4 albums launched in simply 18 months (together with profitable partnerships with Peloton and Starbucks). Also notable is a beforehand undisclosed $50-million catalogue deal from Blake Shelton.”And in a sad reflection of the state of the world, apart from those exceptions, the list is all older white men — with Stevie Nicks, who struck a $100-million catalogue deal with Primary Wave, just missing the cutoff,” concludes ‘Variety’. The high 10’s complete take? $2.3 billion.