The Smoking Gun reports that Boston hard rock legends AEROSMITH received a guaranteed $1 million payday for their 90-minute performances during their recently completed 18-city U.S. tour, according to an excerpt from one of the band's contracts. In addition, the band stood to earn even more based on its receipt of a percentage of ticket sales above a contractually stipulated amount.
TicketNews.com reported in early September that there had been a downturn in interest in AEROSMITH's "Cocked, Locked, Ready To Rock Tour", with sales for the band on the secondary market down 25 percent for well over a month.
AEROSMITH's "Cocked, Locked, Ready To Rock Tour" ended on September 16 in Vancouver, British Columbia, Canada.
The Smoking Gun recently posted a chart of the top-earning touring acts across the pop, country, rock and urban genres, with country artists RASCAL FLATTS topping the list with a nightly fee of just over $700,000. The biggest rock act on the list, KISS, leaves with half a million every night, while WEEZER, BUCKCHERRY and SHINEDOWN earn $150,000, $100,000 and $85,000 respectively.
Other large earners include BROOKS & DUNN with $460,000 a night, SUGARLAND with $325,000, and JUSTIN BIEBER, who pulls down $300,000 per show. Meanwhile, Bret Michaels earns "just" $64,000.
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