Wednesday, January 15, 2014

Idols are Top Earners!

The Supreme Miss American Idol, Season 4 winner Carrie Underwood tops this year's list of the highest-paid "Idol" alums, pulling in $31 million thanks to platinum-selling "Blown Away," extensive touring and endorsement deals with the likes of Olay. All in all, Underwood has earned $83 million over the past five years, and she's one of many acts continuing to profit from her exposure on the show. 

Kelly Clarkson ranks second with $7 million, banking the bulk of her bucks on the road. She's followed by 2012 winner Phillip Phillips and 2009 runner-up Adam Lambert, who are tied for third with $5 million apiece.
"Adam used the launching pad of 'American Idol' very well to have a successful recording career," says his co-manager Martin Kirkup. "I think the main part of his career still lies ahead of him."

Phillips, meanwhile, has been quick to capitalize on his 2012 "Idol" win. His coronation song, the Mumford-esque "Home," went on to sell more than 4 million copies--the best of any in Idol's history -- and his debut album earned platinum certification. He's been adding to his coffers on the road, playing more than 90 shows in our scoring period.
The show itself, now entering its 13th season, is on a more dubious trajectory.

Ratings have dipped 30 percent each of the past two years, a trend that "Idol"'s brass is trying to stop by revamping the show. There's a new set, new lighting, new theme music and new judges: Harry Connick, Jr. and Jennifer Lopez will join Keith Urban, the lone holdover from last year's trio.

Despite the negative trends, last year's winner Candice Glover should be optimistic: Phillips and Scotty McCreery, who ranks sixth with $3 million, are reversing a trend of recent winners who've gone on to have underwhelming solo careers. Even older victors like Fantasia Barrino (2004) and Taylor Hicks (2006) cracked the list, with $1.5 and $2.5 million in income, respectively.

"The platform of 'American Idol' changed my life," says Hicks, who now owns a restaurant in his native Alabama and recently became the first Idol alum to land a Las Vegas residency. "I am very thankful. ... To have that platform has allowed me to blossom."

Earnings estimates are calculated with the help of data from Pollstar Pro, the RIAA, Nielsen SoundScan as wells industry veterans, the musicians' handlers and some of the artists themselves. These numbers reflect pretax earnings from June 2012 through June 2013.

Older graduates of the show no longer have to worry about handing back the bulk of their bucks to "Idol," but more recent winners must turn over about half of their income -- before paying any remaining agents, managers and attorneys, not to mention Uncle Sam. Last year, McCreery estimated he'd only pocket somewhere around one-fifth of his gross earnings, though he didn't seem to mind too much. "It's depressing when you look at it, but I'm still making a good amount," he said. "I'm not in any way complaining ... I'm doing a lot better than I was a few summers ago, living off the coin jar in my truck."