***Wikipedia has a link to Billboard Boxscore 2006 Year End Chart that has Madonna Confessions Tour gross at $260,119,588.***
*** the "Real" Billboard Boxscore 2006 Year End Chart has Madonna Confessions tour gross at $194,754,447 Million
*** this is Billboards 3rd gross or estimated gross for Madonna's Confessions tour. A tour that Billboard has Awarded the top-grossing tour by a female artist.
*** Live Nation Press Release 10-16-2007: Madonna's 2006 "Confessions" tour generated almost $200 million, making it the highest grossing concert tour of all time by a female artist.
***CHER Billboard 5-28-2005: Cher: The Farewell Tour Grossed Well over $200 Million from 325 Shows, and grossed $194,683,927 from 280 North American dates
FORBES FLUXUATING FACTS
Forbes has changed Madonna's Confessions Tour Gross: from $194 million to 260 million
Madonna: Mightiest Force in Music
14 June 2007
Madonna crisscrossed the globe last year for her tour, Confessions, which drew over 1 million fans and grossed $194 million, making it the top-earning tour by a female artist in history. NBC cut the material girl a hefty check to broadcast the Confessions tour live last November, though ratings proved disappointing. In March, the always-fashion-forward singer linked up with retailer H&M for her own clothing line, M. (Rhinestones a-plenty, no cone bras.) Generated a maelstrom of negative publicity last year for her adoption of a baby in Malawi.
#1 Oprah Winfrey
#2 Tiger Woods
#4 Rolling Stones
#5 Brad Pitt
#6 Johnny Depp
#7 Elton John
#8 Tom Cruise
#10 Steven Spielberg
To view the full Celebrity 100 list visit www.forbes.com----------------------------------------------------------
On The Cover/Top Stories
The Celebrity 100
The Biggest Big Shots --The stars of Hollywood commandeer the headlines and command the biggest bucks. Some, like Oprah Winfrey and Steven Spielberg, are Top Ten perennials in the Forbes Celebrity 100 list of actors, athletes and personalities. This year the third Pirates of the Caribbean film let Johnny Depp bank more in a single year than almost any film actor in Tinseltown history. And Jay-Z, the rapper turned record exec, rejoined the top of the music charts. The view from on high? Green, of course.
Edited by Lea Goldman, Monte Burke and Kiri Blakeley
Reported by Kurt Badenhausen, Peter Beller, Alex Davidson, Timothy Doyle, Gail Goldfarb, Evan Hessel, Peter Hoy, Lauren
Kerensky, Dorothy Pomerantz, Amanda Schupak, David Serchuk, Lauren Streib and Chaniga Vorasarun. Photo research: Gail Toivanen.
Power money pay Rank name / Category rank ($mil)
1. Oprah Winfrey / Talking head 1 $260
Media queen gets ready for prime time this fall with two reality shows for ABC.
2. Tiger Woods / Athlete 4 $100
First jock to bank $100 million in a year, thanks in part to renewed Nike endorsement deal.
3. Madonna / Musician 9 $72
Over 1 million fans saw her Confessions tour live; it grossed $260 million.
4. Rolling Stones / Musicians 6 $88
A Bigger Bang tour, kicked off in 2005, still gathers no moss, grossing $437 million.
5. Brad Pitt / Actor 25 $35
Hunky actor a newsstand mainstay thanks to his hotter half and their new brood
09.19.07, 12:00 PM ET
Pop music has long been a young person's game. But when it comes to pocketing the biggest returns, oldsters rule.
The Rolling Stones, Madonna and Elton John are no one's idea of fresh-faced talent. Yet they and other veterans account for most of the top-earning musicians as measured by Forbes.
From June 2006 to June 2007, the geriatric Stones earned an estimated $88 million. The Material-Girl-turned-middle-aged mom pocketed $72 million. And nearly 37 years since he first reached the American Top 10 with "Your Song," Mr. Crocodile Rock pulled down an impressive $53 million.
That's not to say that the occasional green upstart can't boast some serious earning power too. Relative youngsters 50 Cent and Justin Timberlake made our list as well, with "Fitty" earning $33 million and ex-'N Sync frontman Timberlake getting $20 million. Of course, smarts and business savvy help too, as in the case of hip-hop entrepreneur Jay-Z, who has enjoyed an exceptionally lucrative 12 months with earnings of around $83 million.
But at the end of the day, most of the music industry's top earners are of older vintage. At a time when the recording industry is reeling from plunging music sales and rampant piracy, how do they accomplish such commercial success? Here are a few things to consider:
Tour, Tour, Tour
It goes without saying that recording artists establish their fame through sales of their music. And even with all the industry's problems, established favorites can still count on strong demand for their recorded product. Country star Tim McGraw, another member of our top earners list, released his new album Let It Go in March and has already sold 1.1 million units in the U.S., according to Nielsen/SoundScan.
But the really serious money comes from touring. And no one can pull in the big bucks like an older, established music act. The Stones had the highest-grossing tour in North America last year, pulling in a cool $139 million. Madonna's 2006 "Confessions" tour was the biggest ever for a female artist, grossing $194 million worldwide.
Helping drive those big grosses are eye-popping ticket prices. Madonna charged an average of $183.76 during her 2006 North American tour, while tickets to the Stones' concerts here averaged $136.63 and seats to Celine Dion's "A New Day..." show at Caesar's Palace in Las Vegas averaged $135.33, according to Pollstar.
How do they--or, more specifically, their concert promoters--get away with such prices? Simple: because they can. These older artists' fans aren't cash-poor college kids waiting tables to earn beer money. They're Baby Boomers and Gen X'ers who have the means to pay up to see their favorite stars.
By contrast, younger bands, even those that have enjoyed massive buzz or considerable commercial success, can't come close to commanding such prices. During the first half of this year, Arcade Fire charged an average of $30.74 per concert ticket, while the average ticket to a Snow Patrol show cost $31.27, according to Pollstar.
Be Big In Japan (And the Netherlands and Mexico and ... )
Cracking the U.S. music market is the dream of every would-be pop star, American or otherwise. But there's no accounting for popular taste in any one country. What's hot one minute is stone cold over the next. Even platinum-selling recording artists can experience being "in" and "out" and then back "in." Just ask veteran acts like Mariah Carey or Aerosmith.
Many of top earning musicians maximize their earning potential by going out of their way to cultivate a fan base outside the U.S. as well, particularly in Europe and Asia. Madonna, Bon Jovi and Celine Dion aren't just popular musicians. They're worldwide pop stars.
"That's not something that happens by accident, that's not something that happens overnight,'' observes Los Angeles entertainment attorney Chris Castle. "That's something they work at. And they work at it because they want a career."
Because developing an overseas fan base takes time and effort, foreign markets tend to have the most commercial significance for older, established pop stars. Being able to count on the support of their fans in, say, Japan, Germany or Brazil opens a myriad of additional touring and retail opportunities for older artists.
"Outside of the United States, fans tend to stay loyal much longer,'' Castle says. "They aren't as influenced by the youth culture as we are here."
Develop Multiple Income Streams
Diversify. It's a fundamental tenet of investing. And it's also a key to commercial success in the music industry as well.
Most top earning musicians don't just rely on album sales, song downloads and touring to generate income. They also exploit the power of their brand name to push other products. That can be as simple as selling ringtones and fan merchandise or locking up lucrative sponsorship deals.
"When you're a big star, there are all sorts of little pieces like that," Castle observes. "Fifty grand here, 20 grand there and before you know it, you're talking real money."
But other, more enterprising stars also delve into completely different lines of business for added income. And it's here that younger stars can rise to the level of older top earners.
The textbook example is Jay-Z. After establishing his props as one of the most respected figures in hip-hop, the Brooklyn, N.Y., rapper used his fame and business smarts to start his Rocawear apparel line in 1999. In March, he sold the company for a cool $204 million. Forbes estimates that he pocketed about a quarter of that himself.
Material Girl To Cash In?
10.11.07, 3:41 AM ET
Are major record labels in a heap of trouble? Of course.
Do they look foolish as they fumble around for a viable business model? Ditto.
Have they become irrelevant? Not a chance.
That's something to keep in mind as you absorb the, ahem, "latest seismic shift to rock the music industry," according to The Wall Street Journal.
It appears that Madonna is closing in on a decision to walk away from Warner Music Group once her contract is up. Rather than re-up with the major label that's been her professional home for her entire career, the Material Girl is expected to sign a record deal with concert promoter Live Nation, the Journal reported Wednesday evening.
If they handed out trophies for business savvy and chutzpah, Madonna would deserve a mighty big hunk of metal for this move. Why? For starters, she'd get a mountain of cash and stock worth around $120 million.
What would she trade away to Live Nation for her windfall? For one thing, the rights to promote her live shows. Madonna has proved to be an exceptionally strong draw on the concert circuit, having grossed $194 million during her 2006 "Confessions" tour.
But, as the Journal points out, she'd probably retain about 90% of the ticket grosses under her new deal. Live Nation would also get the rights to sell Madge's next three studio albums.
More importantly for the company, it would also get to sell and license other Madonna merchandise. Given the mountainous advances owed to her under the deal, the implications of this are a tad scary. Brace yourself for a flurry of Madonna fragrances, ringtones, concert video downloads, multimedia features on your wireless carrier, movie and TV licensing deals - anything to help Live Nation make a return on its huge investment.
Finally there's this: by snaring a genuine pop icon, Live Nation, which was spun off from Clear Channel Communications in 2005, will have announced to the rest of the industry that it's serious about becoming a full-service music company. Not only will it be able to promote their shows, it's even willing to offer record deals.
Ironically, it's an approach that's very much in synch with the recent public musings of Warner Music Chairman and Chief Executive Edgar Bronfman Jr.
Bronfman has been outspoken this year about the need to expand the company's business beyond recorded music (which is contracting) and music publishing (which remains stable) to include growing areas of the music economy, like merchandising and artist-management services.
In fact, Live Nation and Warner have seemed so simpatico that it had recently spurred speculation in some quarters that Warner was considering a takeover of the concert promoter.
But such a deal would appear to be unlikely at the moment, given that Warner's stock price has sunk so low that its market capitalization is now barely larger than that of Live Nation. Moreover, as the prospective Madonna deal demonstrates, Live Nation Chief Executive Michael Rapino is a guy with big plans. He does not seem inclined to chuck it all and let someone else take over the show.
Rapino's willingness to make such an expensive deal is also impressive given the fact that Live Nation hasn't exactly been minting money. Live Nation lost $130.6 million in 2005 and $31.4 million in 2006. It eked out a meager profit of $9.9 million in the quarter that ended in June.
But while Live Nation is clearly ambitious, it still can't offer everything that a major label can. For all their worlds of woe, and for all the stupid, boneheaded moves they persist in making, the majors still matter.
New digital distribution platforms may be making it easier than ever for recording artists of all stripes to get their music out to the public on their own, but the majors boast formidable marketing muscle. Their recording artists continue to dominate terrestrial radio, which, while not as influential as it had been in the past, remains crucial to generating platinum-level music sales.
And the major labels retain control over extensive distribution networks for compact discs and other physical products. Their reach is so great that many otherwise independent record labels still opt to use the majors to get their wares to market.
Yes, physical formats are on the way out. Sales of CDs are tanking, while those of purchased downloads are surging, albeit not enough to make up for losses on the physical side. But CDs still account for the vast majority of worldwide music sales - more than 80%, last we checked. Unlike a point-and-click download, it still requires sizable distribution channels to get CDs from a production line into the hands of tens of thousands of consumers.
This helps explain why the Journal quotes sources as speculating that Live Nation might enter into licensing agreements with a major label to release Madonna's music.
A licensing or distribution deal is also a possibility for Radiohead, which recently ended its affiliation with EMI Group and made its new album, In Rainbows, available for download Wednesday at whatever price fans were willing to pay, plus a nominal service fee.
It was a public-relations masterstroke, generating a tidal wave of free publicity for the album, while cementing its bonds with existing fans in an innovative way. The irony of the move was that it presented Radiohead as a champion of digital freedom when in fact the band has maintained much tighter control over its catalog on the Web than most other music acts. You can download Radiohead's music via the new download service from Amazon.com, but you can't purchase individual tracks. And none of Radiohead's albums are available at the Apple iTunes store.---------------------------------------------------------------
The Top-Earning Women In Music
01.29.08, 6:00 AM ET Los Angeles -
"It takes a really big man to fill my shoes," Madonna once quipped. Apparently, it also takes a really rich man to fill those formidable size eights. The 49-year-old pop superstar tops Forbes' first-ever Cash Queens of Music list of the top-earning female musicians, banking $72 million between June 2006 and June 2007.
Madonna earned much of that from her landmark Confessions tour, the highest-grossing tour for a female artist, earning $260 million worldwide. During that time-frame, Madonna also enjoyed income from record sales, her deal with hipster retailer of choice H&M and payment from NBC for rights to broadcast her concert performance at London's Wembley Stadium.
The Material Mom isn't slowing down one bit as she swings toward her 50th birthday this August. In October, the famously shrewd musician ditched Warner Music Group, her record label of 20 years, for an unprecedented 10-year deal with concert promoter Live Nation worth an estimated $120 million.
The 20 women on Forbes' Cash Queens list earned a combined $420 million between June 2006 and June 2007. The vast majority collected hefty paychecks from sell-out tours. Barbra Streisand, who at 65 is the list's oldest member, earned the No. 2 spot with $60 million thanks to her comeback tour, her first in since she announced her retirement in 2000. Hard-to-get tickets to see Babs live fetched on average $300 apiece, the highest ticket price for any concert that year. Compare that with tickets to see the Rolling Stones live last year, which sold for $137 apiece on average.
To compile the list, Forbes examined concert grosses, merchandising revenue, album sales and additional revenue streams from ancillary businesses: clothing lines, fragrance deals and endorsements. Only "active" artists were considered--those who had released an album or film or toured during the specified period. These are gross income figures, with no deductions for taxes, management or agent fees.
Rounding out the top three is Celine Dion, 39, who banked $45 million, largely from her hugely successful A New Day concert series at Caesars Palace in Las Vegas. The long-running show, opened in 2003 and housed in the Coliseum Theater built specifically for the spectacle, had been seen by an estimated 3 million fans before it wrapped in December. Dion's groundbreaking deal ushered in a cadre of big-name music acts (Elton John, Bette Midler) signing exclusive contracts in Las Vegas.
Landing the No. 4 spot is Shakira, 30, the Colombian-born crossover phenom who earned $38 million. The multiple-Grammy-winning star swiveled those famously nimble hips on an astonishing 98 tour stops during the period. (She made headlines when she audited history classes at UCLA on the West Coast leg of the tour.) In November, Shakira appeared on the soundtrack for the film adaptation of Love in the Time of Cholera.
Country stars fared well on the list. Faith Hill (No. earned $19 million touring with her husband, country singer Tim McGraw. The Dixie Chicks (No. 9) trailed close behind with $18 million. Martina McBride (No. 13) earned $12 million, while American Idol winner Carrie Underwood (No. 15) rode her country sound to $7 million.
Even Britney Spears snagged a spot on our list, though she toured minimally, lip-synching her way through a handful on House of Blues clubs last spring. Despite near-daily public meltdowns culminating in September's humiliating "comeback" performance at the MTV Video Music Awards, the troubled 26-year-old mother of two still managed to eek out $8 million from old hits and surprisingly strong sales of her perfume, Curious, which grossed $55.4 million in 2006.
Licensing deals buttressed the earnings of several Cash Queens, including Gwen Stefani and Jennifer Lopez, who boast their own clothing lines and have stamped their names on popular fragrances. Beyoncé is the list's endorsement darling, having bagged contracts with A-list sponsors like L'Oreal, American Express and Samsung. Hilary Duff, who at 20 is the youngest member of the Cash Queens list, presides over a tween merchandising empire--spawned from her days as Disney's Lizzie McGuire--that pocketed her $12 million.-------------------------------------------------------------------------------------------------------
LOS ANGELES, Oct. 16 2007 /PRNewswire-FirstCall/ - Live Nation's President and Chief Executive Officer, Michael Rapino officially confirmed today that Madonna has entered into an unprecedented global partnership with Live Nation and will become the founding artist in its Artist Nation division.
"The paradigm in the music business has shifted and as an artist and a business woman, I have to move with that shift," commented Madonna. "For the first time in my career, the way that my music can reach my fans is unlimited. I've never wanted to think in a limited way and with this new partnership, the possibilities are endless. Who knows how my albums will be distributed in the future? That's what's exciting about this deal - everything is possible. Live Nation has offered me a true partnership and after 25 years in the business, I feel that I deserve that."
"Madonna is a true icon and maverick as an artist and in business," stated Mr. Rapino. "Our partnership is a defining moment in music history. I am thrilled that Madonna, who is also now a shareholder in our company, has joined with us to create a new business model for our industry. Bringing all the varied elements of Madonna's stunning music career into the Artist Nation and Live Nation family, moves her future and the future of our company into a unique and extraordinary place."
The first-of-its-kind partnership between Madonna and Live Nation encompasses all of Madonna's future music and music-related businesses, including the exploitation of the Madonna brand, new studio albums, touring, merchandising, fan club/web site, DVD's, music-related television and film projects and associated sponsorship agreements. This unique new business model will address all of Madonna's music ventures as a total entity for the first time in her career.
Arthur Fogel, Chairman of Live Nation's Global Music Division and Chief Executive Officer of Global Touring, who has produced the artist's last three worldwide tours with the company which generated close to $500 million in the last six years commented, "Madonna is without a doubt one of the most fiercely original artists in history. It is a great opportunity for Live Nation and Artist Nation to build upon our years of success with Madonna as a touring artist."
Artist Nation was created to partner with artists to manage their diverse rights, grow their fan bases and provide a direct connection to fans through the global distribution platform and marketing proficiencies that have made Live Nation the world's largest live music company. Headed by the division's Chairman and Chief Executive Officer, Michael Cohl, Artist Nation has significant infrastructure in place to execute additional revenue streams including recorded music, merchandise, studios, media rights, digital rights, fan club/website and sponsorship divisions.
Joining with Artist Nation to work with Madonna will be Live Nation's unmatched global distribution platform and artist-to-fan-reach, including over 80 offices in 18 countries, over 200 national and local sponsorship personnel, over l60 venues, access to over 35 million fans that attend well over 10,000 shows that Live Nation produces, promotes and/or hosts each year for over 1,000 artists including fan access via Live Nation's growing database of over 25 million fans.
"I've been fortunate enough to work with Madonna for half my life. She has always encouraged me and set a great example for me to push the boundaries to reach our full potential. This partnership exemplifies just that," commented Madonna's co-manager Guy Oseary.
Angela Becker, Madonna's co-manager added, "The partnership and vision for the future that Artist Nation along with Live Nation presented to us assured me that this is the ideal home for Madonna. It is with great trust and optimism that we collectively move ahead together."
In regard to Madonna's relationship with her current label, the artist commented, "My time with Warner Bros. Records has been great. I appreciate their hard work and value the many relationships I have developed over the years with the label in the U.S. and around the world. I have an album coming out with them next year and I'm excited about it. We still have work to do together."
The multi-Grammy Award winning artist, songwriter, children's book author, producer and video visionary with an unrivaled reputation for astonishing stage spectacles, has made music history many times over, logging an incredible 12 number one pop singles and 35 number one dance singles in the U.S. alone. Her 2006 "Confessions" tour generated almost $200 million, making it the highest grossing concert tour of all time by a female artist. Over the last 25 years, Madonna's collective record sales number over 200 million albums worldwide. Her last album, Confessions On A Dance Floor debuted at number one in 29 countries and sold almost 8 million copies worldwide. Her last concert DVD The Confessions Tour - Live from London, sold more than 1.2 million copies worldwide.
ABOUT LIVE NATION:
Live Nation is the future of the music business. With the most live concerts, music venues and festivals in the world and the most comprehensive concert search engine on the web, Live Nation is revolutionizing the music industry: onstage and online.
Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol "LYV." Additional information about the company can be found at http://www.livenation.com under the "About Us" section.
Source: Live Nation.