Chapter 177
Behind The Spotlight Chapter 177
Based on Collin's negotiation alone, he earned $4.3 million from representing Princess Chantal. That meant the deals Princess Chantal earned that required representation amounted to around $86 million, considering Collin's commission rate was 5%. He had just recently jumped to a 6% commission rate this December.
And that was only from the deals that needed representation. Princess Chantal also earned money through album royalties, concerts, merchandise, and licensing, all of which were rapidly growing as her fame exploded. In fact, her biggest earnings probably came from album royalties. Her album sold more than 10 million copies worldwide in just a single year. The average sale per album was around $15, depending on the type.
It was no surprise that her earnings exceeded $100 million. Thinking about it, Collin suddenly realized how profitable being a music artist was, they earned millions. It was almost absurd how one successful year could change a person's entire life. No wonder someone like Jackson Mike could become a huge player in the music industry, even owning the Beetles catalog, considered one of the most valuable collections of music rights in the entire business.
'When I heard that music artists can earn 10 times what a superstar actor can earn annually, I thought it was bullshit. But now, looking through the statistics, I guess the truth is not that far and maybe even understated.'
But then again, only superstars like Princess Chantal and other famous singers could replicate this kind of achievement. More than 90% of singers in the industry couldn't even earn $100,000 in a year through singing. It highlighted how brutally competitive the field was. It just meant Princess Chantal was amazing and talented.
Suddenly, Collin felt excited about Arnold's endeavor regarding Mikael Wagner. If Arnold successfully created a band for Mikael, then Mikael's career would be set for life. The potential profit margin was simply too great to ignore. Collin didn't feel regret or jealousy about giving Mikael's contract to Arnold, he wanted his best friend to thrive, and he genuinely believed Arnold deserved a massive win.
Collin was the type of guy who wanted to see his loved ones happy. If Arnold reached a higher status, then that would be great, and it would also strengthen their professional network.
Of course, Collin also had a plan. He would convince Arnold to sign Mikael and his upcoming band to Moonrise Music, ensuring both personal and financial benefit. In that way, Collin would also get a share of Mikael's success.