In an age where moving major units is a rarity for most acts, it would be safe to assume the only acts making bank are the more renown of today’s stars- the Beyonce‘s, Rihanna‘s and GaGa‘s of the world.
However, in an report released by Pandora CEO Tim Westergren, it has emerged that capital generated from album sales and touring are no longer the bread and butter for many an A-List account, and now come second place to the power of internet radio.
Details below…
Pandora Radio, set up in the year 2000, houses a unique software which allows consumers to tune into specific genres by simply specifying an artist or song of their choice- thus cutting the ‘sonic fat’ from the listener’s user experience.
This system, according to Westergren has now become so profitable, the company is already paying the likes of Adele, Wiz Khalifa and Coldplay over $1million each per annum for the use of their material.
However, in a blog released by the company yesterday morning, it is ‘Take Care‘ mastermind Drake and his Young Money boss Lil Wayne that are reaping the highest rewards, set to enjoy a total of $3 million each once pay day swings by.
The report reads:
“For over two thousand artists Pandora will pay over $10,000 dollars each over the next 12 months (including one of my favorites, the late jazz pianist Oscar Peterson), and for more than 800 we’ll pay over $50,000, more than the income of the average American household.
For top earners like Coldplay, Adele,Wiz Khalifa, Jason Aldean and others Pandora is already paying over $1 million each. Drake and Lil Wayne are fast approaching a $3 million annual rate each.”
This, coupled with figures earned from both of his studio releases and his recent ‘Club Paradise‘ Tour will undoubtedly earn the Rapper a spot on many a Forbes tally come next year.
11 COMMENTS
@091094_
October 10, 2012 at 3:54 pm
DRAKE = POP STAR OF THE RAP GAME
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JJFan1814
October 10, 2012 at 4:04 pm
Drake is balling. Hard work pays off as good music. Take Care is a phenomenal album and I’m glad it was very successful. Can’t wait for album #3.
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That B*tch (I can't with these delusional stans)
October 10, 2012 at 4:30 pm
I loved Take Care but I still feel “Thank me later” was slightly better. Its still one of my fave CD’s nonetheless.
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Peter Griffin
October 10, 2012 at 4:15 pm
Why is Wiz Khalifa up there? People only cared about ‘Black and Yellow’. He’s a one hit wonder! Anyway all the money goes to his goldiggin’ baby mama!
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MC
October 10, 2012 at 4:24 pm
Drakeisha, Imma need you to fix those hideous eyebrows girl! You gotta look good for your man.
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That B*tch (I can't with these delusional stans)
October 10, 2012 at 4:24 pm
Good job Drizzy but im curious as to why Wayne and Whiz are on that list. The first one hasn’t had a hit since ’08 and the other has only had one hit TWO years ago.
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JJFan1814
October 10, 2012 at 6:29 pm
Who cares??? It’s about MUSIC. An artist’s discography, regardless when their last hit was. Music is in demand, obviously.
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ChrisFresh
October 10, 2012 at 4:57 pm
thats crazy but as long as they dont make us start having to pay for Pandora.. then im good
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michael
October 10, 2012 at 6:49 pm
Drake might be corny and lame. But him and Nick cannon knows how to get that money. I wish more rappers was business savvy like him. He’s making all them millions writing/co-writing songs for other singers. He owns a stake in a fast food restraunt. He owns a stake in the first edition winnie the pooh books. Which is worth a lot of money. I like how he’s investing his money. And getting his business game up. If he keeps this up. He gonna be giving jay z and p.diddy a run for their. He waste a lot of his money. But he also invest a lot of his money. He tryna get that old money unlike tyga. Tyga gonna be one of those. Stars we hear about going broke if he don’t slow down on his spending. Isiah Classic Food by Isiah Hurts is available on kindle…
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mob: come here & let me hold UR throat
October 10, 2012 at 7:31 pm
YAWN…….Birdman is making bank and that’s all folks
“You sign to one N that’s signed to another N that’s signed to 3 N now that’s bad luck” *Pusha T voice* LOL
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time
October 10, 2012 at 8:00 pm
go drake
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