American Idol winner Caleb Johnson continues to open for 70s glam Metal band KISS. This time they were in Wichita and Sioux City. Lauren Daigle was in Nashville opening for Christian music’s Hillsong United.
KISS, Caleb Johnson
July 25, 2016: Wichita, Kan.: INTRUST Bank Arena: 7,841 of 10,153 (77%): $495,153
July 27, 2016: Sioux City, Iowa: Tyson Events Centre: 4,511 of 5,984 (75%): $281,261
Hillsong United, Lauren Daigle
July 20, 2016: Nashville, Tenn.: Bridgestone Arena: 10,125 of 10,357 (98%): $273,213
WMG is happy to report that they lost less money this quarter than they did during the same quarter last year. It is amazing how long one can stay in business and not make money. Who do they think they are – a country? An Olympic committee? Kayne West? Well, in this case, they lose money during this quarter, but end up profitable thanks to Q4.
Anyway, they lost $9M on $811M of gross revenue in the previous quarter (last year, during the same quarter, they lost $44M on $710M). Streaming was part of the reason for improving financials. The revenue from that source is almost worth double their download revenue. How come artists are complaining that they make nothing off of streams, but record labels report it as one of their major revenue streams? Oh, wait, I get it. Somebody didn’t learn to share in kindergarten.
