Billboard has released their top 40 money making artists for 2012. Interestingly concerts made up close to 70% of the revenue for the 40 artists on Billboard's Moneymakers list. There were only two exception on the list, Adele and Taylor Swift, neither earned any income from concerts in 2012.
Madonna tops the list, in large part because of her wildly successful MDNA tour, which made up 93.5% of her total revenue. Runner-up Bruce Springsteen earned 92% of his revenue from live shows.
Justin Bieber made it into the top 10 this year, but live shows only accounted for 60% of his income.
According to Billboard estimates, artists pocketed $373 million from concerts after paying agents, managers and expenses, up from $329 million in 2011.
The most popular touring artists are well past their peak, but continue to command large audiences due to their loyal fan base. Their aging fan base can afford to attend their concerts, but generally are not well versed in online access, impacting the artists sales in streaming music and digital downloads.
As Billboard points out, with the aging rock band Rush, they earned 77% from their live shows, but only brought in 16% of their revenue in digital sales and only .04% from streaming.
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