A question of wealth.

MirrorInTheSky · #1 07-06-2004, 10:51 AM

Ok, all of this talk about ticket prices and so forth has me wondering about the wealth of the members and their pay structures. Does anyone know how wealthy any of the members are? And as far as payment for albums and tours, do they split it 25% each? Does Mick get more for being 'the boss'? I would imagine that Stevie and Lindsay are fairly well off since they get the royalties for writing their own songs. It seems that Stevie would be the most well off considering the success of her solo material, and I'm sure she received a windfall this past year or two with the Dixie Chicks version of Landslide being the most played country song of the year. Any thoughts?

ShangriLaTroubl · #2 07-06-2004, 11:06 AM

No-one really knows for sure, although we do know they make A LOT of money....they don't make their money based on the ticket prices though. They are given a nightly guarantee from their promoter , ya know like THIS IS WHAT YOU WILL MAKE EVERY NIGHT, kind of thing, and in turn depending on how much they demand that indirectly drives up the ticket prices, as do a lot of other factors.

Also I may be wrong, but I don't think Mick IS in fact the "boss" anymore. I did read that he was taken from that position many years back. There's so many details that come into how much they make, songwriters get seperate songwriter royalties, etc etc...it's a lot....but I would say, Stevie is the wealthiest as well....although it does depend on who spends the most money...She is worth many many millions, as they all are..

Chris

madformac · #3 07-06-2004, 12:25 PM

Difficult to guess at. I think I read somewhere that the 3 concerts at Earls Court last year grossed about $4 million, which would be substancially less after expenses.

I also believe I read somewhere Lindsey and Stevie earned around $9 million upto the end of the Australia leg. So I would hazard a guess the main members would recieve upto maybe $50,000 a concert each.

I would expect Mick and John to get the same or close during a tour, unlike recording an album unless of course songwriting credits come into it too. Again I remember Mick mentioning once that touring pays the bills for him. Fleetwood Mac have to tour for him to make money, in the studio he is just paid as a drummer.

Hard to tell really without being their accountants.

ShangriLaTroubl · #4 07-06-2004, 12:34 PM

According to Rolling Stone, and other articles they were guaranteed $750k per night for the first 40 dates , thats nearly 190k per member each night...for the first 40 dates...although they did say that number went down after the first 40 dates...
Rolling Stone mentioned that Fleetwood Mac "gave" the 2nd leg of the US Tour to the promoter, so they probably earned little money for those 30 dates...(of course little to them is diff to me.)

I would say after the first 40 shows they were probably working on a 300k per night guarantee, which if that is correct, by now each member (if it were split evenly) would have earned around 12 million each by the end of this tour

Also according to Forbes they were given a "lucrative" advance from WB for Say You Will.
Chris

dissention · #5 07-06-2004, 12:39 PM

Mick and John can't make more than $50,000 each per show. Stevie and Lindsey make quadruple that amount per show, at least.

chiliD · #6 07-06-2004, 12:50 PM

Quote:

Originally Posted by dissention

Mick and John can't make more than $50,000 each per show.

And, why would that be?

Tango · #7 07-06-2004, 03:31 PM

Quote:

Originally Posted by MirrorInTheSky

Ok, all of this talk about ticket prices and so forth has me wondering about the wealth of the members and their pay structures. Does anyone know how wealthy any of the members are? And as far as payment for albums and tours, do they split it 25% each? Does Mick get more for being 'the boss'? I would imagine that Stevie and Lindsay are fairly well off since they get the royalties for writing their own songs. It seems that Stevie would be the most well off considering the success of her solo material, and I'm sure she received a windfall this past year or two with the Dixie Chicks version of Landslide being the most played country song of the year. Any thoughts?

I guess you are asking who is the most personally well off in the total picture? I wonder if anyone knows the answer. Stevie's had a successful solo career, but, just as with Fleetwood Mac, there's a lot of overhead, including paying (in Stevie's solo tour) the back up band, the back up singers, the crew (roadies, etc), and the lavious manner in which bands live. It doesn't sound like the crew is staying in the deluxe accomodations (according to Cory's reports), but they aren't sleeping on cots in tents. Whatever it is, this band certainly seems able to afford living well on the road.

And why not!? We don't seem to shy from paying for tickets, albums, DVDs, and the trinkets. Some of us have also paid for airfair and some pretty decent accomodations along the way as well. (I guess the difference is some of us have credit cards that are on FIRE!)

Stevie mentions she doesn't have to worry about a new morgage and raising a family. Could be that most of her major expenses are behind her at this point. It's a good place to be.

hayley · #8 07-06-2004, 04:31 PM

Lindsey has more money than anyone else in the band, if we're talking simply in terms of general wealth.

dissention · #9 07-06-2004, 04:48 PM

Quote:

Originally Posted by hayley

Lindsey has more money than anyone else in the band, if we're talking simply in terms of general wealth.

Even Stevie herself said so. Not only did he get loads of money from the touring, but he also gets royalties from his songs and he's produced many Mac albums. I read something from her where she said he never spent anywhere near the obscene amount of money the rest of them did and that he wisely invested a LOT of his money.

strandinthewind · #10 07-06-2004, 04:59 PM

Quote:

Originally Posted by dissention

Even Stevie herself said so. Not only did he get loads of money from the touring, but he also gets royalties from his songs and he's produced many Mac albums. I read something from her where she said he never spent anywhere near the obscene amount of money the rest of them did and that he wisely invested a LOT of his money.

I know - but that was awhile ago. I just do not see how he could have leved a year at the Four Seasons in BH I think more than once and not lived an extrvagant lifestyle. But, maybe he has kept a hold of it. I hope so and certainly he made a payload on this last tour.

Tango · #11 07-06-2004, 05:03 PM

Quote:

Originally Posted by strandinthewind

But, maybe he has kept a hold of it. I hope so and certainly he made a payload on this last tour.

Oh . . . I disagree. I hope he hasn't kept a hold of it and has to keep on working! LOL! It might be a great motivator to getting the boy out on the road sooner!

dissention · #12 07-06-2004, 05:06 PM

Quote:

Originally Posted by strandinthewind

I know - but that was awhile ago. I just do not see how he could have leved a year at the Four Seasons in BH I think more than once and not lived an extrvagant lifestyle. But, maybe he has kept a hold of it. I hope so and certainly he made a payload on this last tour.

Yeah, but he lived there during the 80s, if I remember correctly. Stevie's comment was made in the nineties, I think '94. I have to dig that sucker up.

She specifically said that he made most of the money out all five of them and a lot of it came from his producing.

strandinthewind · #13 07-06-2004, 04:57 PM

Quote:

Originally Posted by hayley

Lindsey has more money than anyone else in the band, if we're talking simply in terms of general wealth.

I used to think that. But, then Stevie has toured essentially every other year since 1974. Almost all of those tours have made her money. I do not know of any of her tours that have not made her money with the exception of Tusk (and that is from MF so consider the source) and perhaps Timespace. Others may know this though. Also, the DC's made her a hell of a lot of money and she also made money from The Smashing Pumpkins and The Corrs. Other people have also recorded her stuff to less fame. Conversely, LB has not toured nearly as much and the OOTC tour was reported to have cost him a ton of money instead of making it for him. So, while LB certainly is not destitute and probably never will be, I tend to think La Nicks has made more money over the years because she has toured more and put out more product. Whether she kept it - now there is another question

But, if there have been none of "those" expenses since she has been clean and sober since 1994, then she should have made tens of millions of dollars from 1994 to 2004. So, who knows.

Again, I think it is fun to speculate and none of us really know for sure.

dissention · #14 07-06-2004, 05:04 PM

Quote:

Originally Posted by strandinthewind

I used to think that. But, then Stevie has toured essentially every other year since 1974. Almost all of those tours have made her money. I do not know of any of her tours that have not made her money with the exception of Tusk (and that is from MF so consider the source) and perhaps Timespace.

The OSOTM and SA tours weren't exactly blockbusters, my friend.

I have a hard time believing she made that much of a profit on those tours.

Quote:

Originally Posted by strandinthewind

Also, the DC's made her a hell of a lot of money and she also made money from The Smashing Pumpkins and The Corrs. Other people have also recorded her stuff to less fame.

She made a little under $3 million from the Dixie Chicks' Landslide, and much, much, much less from the Smashing Pumpkins and Corrs covers. The reason Landslide netted her so much was because it was an enormous hit, not so with any other covers of her material.

Quote:

Originally Posted by strandinthewind

Conversely, LB has not toured nearly as much and the OOTC tour was reported to have cost him a ton of money instead of making it for him. So, while LB certainly is not destitute and probably never will be, I tend to think La Nicks has made more money over the years because she has toured more and put out more product.

Yeah, but she also blew a lot of her money away on cocaine and I can't see where she made much money from '92-'96, with the exception royalties and such. She made just as much as Lindsey and Chris when The Dance rolled around, so...Again, Stevie has said before the Lindsey got the lions share of the dough and that he invested wisely.

Quote:

Originally Posted by strandinthewind

Again, I think it is fun to speculate and none of us really know for sure.

Exactly. None of us know, but it sure as hell is fun.

hayley · #15 07-06-2004, 05:10 PM

Like Diss said, Stevie's tours did not all make a ton of money- some outright lost money. She hasn't made *that* much off of those covers (especially The Corrs, Smashing Pumpkisn, Hole, etc- she's made VERY little off those), and her solo album sales have been good, but in terms of P&Ls probably haven't been the most successful. I have no doubt that she's had more $$$ coming in at times than LB, but she's not frugal. He's famously frugal. He started out as a well-off kid, and from what I've heard, has always been smart about investing his cash well.

Combine that with his production credits and royalties that the other band members don't have- on a lot of stuff, Lindsey's made 2X the amount of royalties as Stevie, and even more than Mick & John- he's rolling in it.