donderdag 14 oktober 2010

The Business Of Bieber

“Since its release last March, Bieber’s My World 2.0, along with his earlier release, My World, have repeatedly topped the Billboard 200 charts, having sold some four million albums at last count in addition to nearly eight million songs digitally downloaded in a year when overall sales are down 11 per cent from a year ago. That makes him a hot property for his label, Island Def Jam. Sales of the record have been getting a boost from his concert tour and so, presumably, does his income.
Successful tours are money-spinners. Consider that Miley Cyrus averaged nightly box office of $1.2 million during her recent tour of 57 dates, and Jay-Z grossed more than $1 million per concert in his Blueprint 3 tour earlier this year.
It goes without saying that some are more lucrative than others. Lady Gaga, according to some estimates, brought in just $31 million from 106 concert dates. Using the more conservative assumption, Bieber should reap proceeds of roughly $22 million for his 75-city tour, given that he is playing some smaller venues. In Regina, for instance, only 6,000 seats were available, with ticket prices at $45 and $65, making it tough to break $300,000 gross for the gig and turn a profit.”
You can read the rest of the article here.

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