Re: U2 lose millions in investments - article

Robbie Robinson ([email protected])
Wed, 15 Jul 1998 07:53:59 -0700

joe wrote:
>
> Robbie Robinson wrote:
> >Their estimate might be a lot off. I've read in other financial
> >articles that they made $10 per sale (a lot more than 3 pounds)
>
> Don't believe everything you read, Robbie. U2 don't even get half that
> from the sale of each CD (& much less for cassettes). A single Pop CD
> cost record stores around $11 (in the US) per unit. So, according to
> your financial articles, U2 got $10, leaving around $1 left over for
> manufacturing, distribution, promotion, record company profits, etc? I
> think not. That $10 figure is laughable and very far from reality. The 3
> pounds figure is probably fairly close to what U2 actually makes from a
> CD sale.
>
> Regards,
> Joe

Humm, maybe the writers of the other article were finguring in
other things too. I know they probably make at least as much
if not more off of other things related to the music beyond
the sell of the physical CD. They *do* own all their music,
lock stock and barrel. Copyrights, publishing, everything.
I know that's really rare for a band and they've been in
that position almost forever due to good managment :)
I think all the financial articles written about U2
are just making their best guess on the matter of what the
band is "worth". Only the band and their accountants know that
figure and I don't think they make official press releases
giving the dollar amount out to the world ;)

Robbie

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