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Topic ClosedProg royalties - think they got rich?
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JeanFrame View Drop Down
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Points: 195 		Direct Link To This Post Posted: September 05 2012 at 09:39
I know that many musicians, some of them famous, didn't get anything like the money people think, many of them are (relatively!) poor now.
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Points: 514 		Direct Link To This Post Posted: September 05 2012 at 09:27
Originally posted by silverpot silverpot wrote:

Amazed to learn that the drummer in Tool made that much money.
 

And I have never heard about such things as Blink 182 or The Aquabats, but obviously a few others have...
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Points: 6784 		Direct Link To This Post Posted: August 31 2012 at 23:53
Originally posted by silverpot silverpot wrote:

Amazed to learn that the drummer in Tool made that much money.
 

Yeah, way more than Mick Fleetwood!!  Jeez, Mick musta pushed it up his nose over the years, considering the band's commercial successes!!  
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Points: 841 		Direct Link To This Post Posted: August 31 2012 at 13:30
Amazed to learn that the drummer in Tool made that much money.
 
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Points: 6784 		Direct Link To This Post Posted: August 30 2012 at 20:32
Originally posted by DiamondDog DiamondDog wrote:

Fascinating subject, I'd like to hear of this, and more documented tales of "where are their bank balances now?"

Glad you asked, I found this on the Facebook page for a buddy (John Pazdan, US drummer with famous Chicago bands "Pezband" and "Off Broadway").


Damn drummers did pretty good!  Grrrrrrrr (jealous bassist)
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Points: 320 		Direct Link To This Post Posted: August 29 2012 at 16:58
Fascinating subject, I'd like to hear of this, and more documented tales of "where are their bank balances now?"
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Points: 7700 		Direct Link To This Post Posted: August 29 2012 at 06:46
Originally posted by Jim Garten Jim Garten wrote:

I think the moral of the story (and I'm sure Rick Wakeman would agree) is be a professional musician, but don't get married!
And don't tour with an orchestra. Ask ELP, they know. LOL
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Points: 10616 		Direct Link To This Post Posted: August 29 2012 at 02:58
Originally posted by Sean Trane Sean Trane wrote:

Originally posted by Hercules Hercules wrote:

Ian Anderson slightly bucks the trend, I think. I saw a recent estimate of his worth at over £30m with around £500k annually in royalties.
 
But good luck to him; he's earned it for the pleasure his music has given me and many others.
Yeah, but Anderson diversified too... He invested in a salmon fartm, and around 40% of the smoked salmon available in Belgium (through Delhaize and another  two supermarket chain) comes from his estate...
 
 

Really! Shocked Which are the other supermarket chains? 
I'm in for some progressive salmon LOL
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Points: 14693 		Direct Link To This Post Posted: August 29 2012 at 02:54
I think the moral of the story (and I'm sure Rick Wakeman would agree) is be a professional musician, but don't get married!

Jon Lord 1941 - 2012
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Points: 15138 		Direct Link To This Post Posted: August 29 2012 at 02:46
Originally posted by Manuel Manuel wrote:

I know for a fact that Jose Airas, who played congas for Carlos Santana, died of alcoholism and was living on the streets of San Francisco.
I didn't know that. Very sad, indeed.
 
 
Originally posted by richardh richardh wrote:

I remember Rick Wakeman saying he was completely broke about 1980 despite seliing millions of solo albums and being in one of the biggest prog bands on the planet.
 
I also recall he spent a few nights on park benches!!
Didn'y Keith Emerson crash on (his keyboard tech) Will Alexander's couch after being cleaned out in his divorce in the 90s?
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Points: 2447 		Direct Link To This Post Posted: August 28 2012 at 09:13
Originally posted by cstack3 cstack3 wrote:

Originally posted by Lofcaudio Lofcaudio wrote:

I talked to one of the members of Kansas who told me that when they went on tour in the late 70s and early 80s they were bringing in about $1 Million U.S. A WEEK.  That was a lot of money in those days.

I bet it had nothing to do with their music!  "Bring it on back from Mexico!"  Clap

Yeah, that is some serious dough!  I saw 'em back up Wishbone Ash after their first LP just came out, and sometime later....I guess they did become an AOR tour de force.  "Dust in the Wind" set them up nicely!  





Odd that they say Williams is the only remaining original member of the band, especially since the drummer, Phil Ehart, was in Kansas before he was!  Walsh is still in the band as well, so I'm not sure what that is all about.
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Points: 6784 		Direct Link To This Post Posted: August 27 2012 at 21:22
Originally posted by Lofcaudio Lofcaudio wrote:

I talked to one of the members of Kansas who told me that when they went on tour in the late 70s and early 80s they were bringing in about $1 Million U.S. A WEEK.  That was a lot of money in those days.

I bet it had nothing to do with their music!  "Bring it on back from Mexico!"  Clap

Yeah, that is some serious dough!  I saw 'em back up Wishbone Ash after their first LP just came out, and sometime later....I guess they did become an AOR tour de force.  "Dust in the Wind" set them up nicely!  
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Points: 8577 		Direct Link To This Post Posted: August 27 2012 at 17:50
^Yeah, it would be a real bummer to be down to your last million, eh?LOL

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Points: 13296 		Direct Link To This Post Posted: August 27 2012 at 14:35
Originally posted by Lofcaudio Lofcaudio wrote:

I talked to one of the members of Kansas who told me that when they went on tour in the late 70s and early 80s they were bringing in about $1 Million U.S. A WEEK.  That was a lot of money in those days.

It's hardly poverty wages now!
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Points: 6898 		Direct Link To This Post Posted: August 27 2012 at 14:18
A million a week is a lot of money these days.

Peter Gabriel was another can't beat , em join 'em guys with his Realworld studio but then again a lot of bands have their own studios
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Points: 444 		Direct Link To This Post Posted: August 27 2012 at 13:00
I talked to one of the members of Kansas who told me that when they went on tour in the late 70s and early 80s they were bringing in about $1 Million U.S. A WEEK.  That was a lot of money in those days.
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Points: 40 		Direct Link To This Post Posted: August 27 2012 at 06:46
Originally posted by Meta Meta wrote:

I'd give the "Savviest Investor" award to Ian Anderson,


I'd go with Banks, Collins & Rutherford for investing in VeriLite technology.
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Points: 1226 		Direct Link To This Post Posted: August 24 2012 at 09:32
Originally posted by cstack3 cstack3 wrote:

Originally posted by Neu!mann Neu!mann wrote:

...to quote Mr. Fripp:

"The business of a musician is music. The business of a professional musician is business."
 
He then adds (and here I'm paraphrasing): "Be a professional musician only if you have no other choice"

Thank you for this!  Bob's been railing about these matters (royalties, intellectual property infringement/theft etc.) for decades!!  

I believe this was a major impetus for his formation of DGM.  

For those who missed it, Bob's recent interview with the Financial Times is a fascinating insight into the man's mind and a window into the music business: 

 
Great interview!Big smile  Sad to see Fripp becoming a "professional musician"... Seems that he really don't have choice to earn a living.
"Prog is Not Dead and never has been." (Will Sergeant, from Echo And The Bunnymen)
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Points: 8577 		Direct Link To This Post Posted: August 23 2012 at 10:55
^He didn't discover them, he did promote their revival though. His most notable signings/discoveries were Bon Jovi, Dream Theater, Nickelback and Pantera.

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Points: 69 		Direct Link To This Post Posted: August 23 2012 at 04:23
Originally posted by Tapfret Tapfret wrote:

This is why I would suggest Derek Schulman may be the smartest member of prog royalty. If you can't beat 'em, join 'em. Although I highly doubt that he carried on as dubiously as executives of the '70s.
 
I'd give the "Savviest Investor" award to Ian Anderson, but Derek Shulman is a smart cat for sure. I think I read somewhere that he was involved in the discovery and promotion of AC/DC, any truth to that?
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