- Despite the financial challenges that streaming poses for many artists, there are still ways for artists to make a decent living.
- Concerts are considered to be one of the most reliable and lucrative ways for modern artists to make a living from music.
- Based on the numbers from Billboard, we’ve established a ranking of the most lucrative tours to date.
- Visit the Business Insider homepage for more stories.
The transformation of the music industry has changed the way artists make money.
If streaming has replaced CDs, this new medium is proving to be much less profitable for artists.
That said, there is one source of income that remains a surefire way for stars to make a living: concerts.
“Artists have always made most of their money from live performances and touring,” said Zach Bellas, founder of SMB Records. Business intern in 2018.
Read more: Harvard statistician developed algorithm that finally determines whether Lennon or McCartney wrote the Beatles’ greatest hits
According to a Wall Street Journal report, although pop and hip-hop dominate the “most listened to” genres, rock artists make the most money on stage by far.
Based on the numbers from Billboard, we’ve established a ranking of the most lucrative tours to date.
These are the most lucrative tours in history.
