SubscribeIn April 2006, Love announced that she had arranged to sell twenty-five percent of her stake in the Nirvana song catalog in a deal estimated at $50 million. The share was purchased by Primary Wave Music, which was founded by Larry Mestel, a former CEO of Virgin Records. As Love controlled ninety-seven percent of Nirvana's catalog, the deal meant that Mestel had a significantly larger stake than Novoselic and Grohl combined.Emphasis my own. What this implies is that as principal songwriter, the bulk of the album sales royalties likely went to Cobain and by extension Courtney Love, while Grohl and Novoselic probably didn't make a huge amount from the album sales (but even at pennies per album that could still be a few million). Add in touring revenues etc., and it's safe to say Grohl is overall probably a millionaire from his work with Nirvana.
Trade paper Pollstar's list last week of the highest earning live bands reports the Stones at No.2 in the US, behind Foo Fighters and Weezer, but ahead of U2 in third and way ahead of Coldplay (7), Beck (10), The Eagles (14) and Bob Dylan (28).So... while the double-bill with Weezer may not have made their per-band gross as high as U2/Rolling Stones territory, they like were making boatloads of cash. Here are the top 20 acts of 2005, which doesn't include the FF/Weezer tour for some reason, although that may be due to not having enough dates or because they were a dual act. As you can see, comparable to other bands, a FF tour probably grosses in the several tens of millions of dollars.
Gross in millions/per ticket averageI've anecdotally heard that a ballpark rule is that the band(s) will profit ~35% of the total gross at a venue when you add in all the merch sales and ticket sales. Even if Grohl were to split the profits equally between himself and the other 3 core band members, he'd be easily netting a couple of hundred thousand every night in his personal earnings. I think it's safe to say that with the venues they get, Grohl can personally earn many millions for every tour- and they've done several tours.
1. The Rolling Stones $162.0 / $133.98
2. U2 $138.9 / $96.92
3. Celine Dion $81.3 / $136.04
4. Paul McCartney $77.3 / $135.46
5. Eagles $76.8 / $104.17
6. Elton John $65.8 / $102.46
7. Kenny Chesney $61.8 / $54.63
8. Dave Matthews Band $57.0 / $47.09
9. Neil Diamond $47.3 / $63.02
10. Jimmy Buffett $41.0 / $76.49
11. Mötley Crüe $39.9 / $46.48
12. Green Day $34.8 / $38.07
13. Toby Keith $31.6 / $46.11
14. Rascal Flatts $28.2 / $34.92
15. Bruce Springsteen $26.3 / $81.00
16. Gwen Stefani $24.2 / $54.46
17. Coldplay $24.1 / $40.80
18. Tom Petty & The Heartbreakers $23.6 / $38.05
19. Barry Manilow $22.7 / $153.93
20. "Anger Management Tour" $21.6 / $64.03
You should also factor in his deal. Nirvana was young, so their record deal probably wasn't that favorable to them. He probably got a better deal with the Foo Fighters because of his Nirvana success.
posted by sharkfu at 11:56 AM on April 8, 2007