Some would have sworn the recession wouldnt touch the entertainment industry as entertainment makes the heart merry, though the reccession has been affecting regular folks for a couple years now its impact had'nt been felt in hollywood untill recently, it was time for Alist celebraties to feel the pinch. Most Alist artists had supprisingly concelled one tour or the other including Rihanna who had just cancellations.
According to the Live Nation, Rihanna has canceled five shows on her “Last Girl on Earth” tour due to low ticket sales. Of course, the “official” excuse was “scheduling conflicts.”
According to Pollstar.com, gross revenue for the top 100 tours in North America in the first six months of 2010 is down nearly $200 million from last year, which is a 17 percent drop. As for ticket sales, the top 100 acts sold an average of 6,951 tickets per show, down about 9 percent from 7,639 during the same period in 2009.
last year the music industry failed to deliver the money as it did in 2008, looking at forbes Music hip-hop cash kings list from 2008 - 2010 we would discover that the recession armed with its AK 47 shot a big hole in the pockets of the big spenders... according to Forbes top 20 richest rappers list from the last 3 years is listed bellow
Here's a complete rundown of 2008's hip-hop cash kings:
50 Cent - $150 million
Jay-Z - $82 million
Diddy - $35 million
Kanye West - $30 million
Timbaland - $22 million
Pharrell Williams - $20 million
Swizz Beatz - $17 million
Snoop Dogg - $16 million
Dr. Dre - $15 million
Ludacris - $14 million
T.I. - $13 million
Lil Wayne - $13 million
Eminem - $12 million
Common - $12 million
Akon - $12 million
Jermaine Dupri - $11 million
Lil Jon - $11 million
OutKast - $10 million
Chamillionaire - $10 million
The Game - $10 million
Forbes' 2009 Hip-Hop Cash Kings
Jay-Z - 35 Million
Diddy - 30 Million
Kanye West - 25 Million
50 Cent - 20 Million
Akon - 20 Million
Lil Wayne - 18 Million
Timbaland - 17 Million
Pharrell - 16 Million
T-Pain - 15 Million
Eminem - 14 Million
Dr.Dre - 13 Million
Snoop Dogg - 11 Million
Ludacris - 10 Million
Common - 8 Million
Will.I.Am - 8 Million
T.I. - 8 Million
Swizz Beatz - 8 Million
Andre 3000 - 7 Million
Big Boi- 7 Million
Flo-Rida - 6 Million
Rick Ross - 6 Million
The Game - 6 Million
Young Jeezy- 6 Million
Would the music industry in America, South Africa and the rest of the world pick up again?
these people are too damn expensive when it comes to concerts and tours and i think the financial meltdown has done very well to make them think about the fact that the fans want them but they need to consider cost of tickets
ReplyDeleteI can see that you put a lot of hard work on your blog, I’m sure I’d visit here more often.Great job, keep posting interesting articles here.
ReplyDeleteGreat Information. That sounds great. Really helpful thanks for the Article, Great job, hope we can expect more articles like this. All the Best.
Wedding DJS New York