Despite the Covid-19 pandemic many musicians and bands still made a lot of money in 2020 according to Billboard that listed the highest-paid from last year. 8 rock bands and musicians appeared in the list.
“While the pandemic had a disastrous effect on touring revenue, it lifted other royalty streams as music fans listened to more recorded music from the relative safety of their homes, through radio, streaming platforms or the turntable setups they bought with the money they ordinarily would have shelled out for concerts and festivals.”
“Recorded-music royalties — from sales, streaming and publishing — collectively grew 56% from $197 million in 2019 to $308 million. Individually, artist streaming royalties increased a whopping 82% year to year, from $106 million to $193 million, and accounted for just under 50% of the top 40 Money Makers’ total income. Sales royalties, digital and physical, were also up 39%, from $42 million to $59 million; a trend that continues so far this year.”
I am a Brazilian journalist, a Classic Rock and Heavy Metal lover. Music has always been part of my life, helped me through tough moments and was with me to celebrate the good ones. When I became a journalist I knew I wanted to write about my passions. After college I did a postgraduate degree in digital communication. This has helped me to make the website better and bring the best of classic rock to the world! MTB: 0021377/MG