What A Hit Band Earns

So how much does a hot new band earn from a hit recording? Let’s say this hypothetical hot band sells 500,000 albums at $16.98. That’s gross sales of $8,490,000. [Remember, of course, that this is a very hot band – only 128 of more than 30,000 records sold half a million recordings in 2002.] Well – after all the fees, commissions, fees, percentages, charges and expenses are deducted, the band comes home with $161,909 – split however many ways by band mambers. For a hit. Is this any way to run a business?