What Mick Jagger knows about making money in music
In an by Zoe Heller for the New York Times Style Magazine, Rolling Stones front man and financial overseer Mick Jagger talks about (among other things) the business of rock & roll.
鈥淸Jagger's] beady oversight of the Rolling Stones鈥� financial affairs has, famously, helped make the band one of the richest in rock 鈥檔鈥� roll history,鈥� Heller writes.
鈥淲hen he is on the road, he has been known to keep a map in his dressing room, indicating the city at which the tour will go into profit.鈥�
And that鈥檚 how the Rollings Stones make money. The, from 2005 to 2007, was the highest-grossing tour of all time raking in $558 million.
鈥淭he band has also been ahead of the curve in recruiting sponsors, selling song rights and flogging merchandise. 鈥楾he Stones carry no Woodstockesque, antibusiness baggage,鈥� Andy Serwer noted approvingly back in 2002 in Fortune magazine.鈥�
Is Jagger crying about free downloads and declining CD sales? Nope. 鈥淭here was a window in the 120 years of the record business where performers made loads and loads of money out of records,鈥� Jagger says. 鈥淏ut it was a very small window 鈥� say, 15 years between 1975 and 1990.鈥�
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