List of largest music deals

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Clockwise from top left: Janet Jackson, Michael Jackson, Whitney Houston and Madonna. Four of the artists who have had the largest recording contracts up to one point. Jackson-Madonna-Houston.jpg
Clockwise from top left: Janet Jackson, Michael Jackson, Whitney Houston and Madonna. Four of the artists who have had the largest recording contracts up to one point.

The following is a list of the largest music deals in history signed by artists, including recording contracts and multi-rights agreements with over $50 million, as well catalog acquisitions with a reported sum of over $150 million. [lower-alpha 2] Some figures might not be entirely accurate, as some multi-million-dollar contracts were reportedly misrepresented or exaggerated, [1] [2] [3] and many were just media estimations. Therefore, no rankings are given.

Contents

An early recorded five-figure deal in music history was reported by The Music Trades magazine in the late 1910s, made by American composer John Stepan Zamecnik. [4] The 1960s saw contracts with six-figures such as an advance deal for $143,000 to Led Zeppelin (Atlantic Records) in 1968, then the biggest deal of its kind for a new band. [5] The 1970s saw a rise in millionaire recording contracts, starting with a deal made by The Rolling Stones in 1971, which represented "a new benchmark in industry contracts", according to Billboard , and became the largest contract ever made by that point. [6] In a short span of years, Neil Diamond signed a $4–5 million deal with Columbia Records, which was later superseded by Paul McCartney's Capitol Records and Elton John's MCA Records deals of $8 million each, as well as Stevie Wonder's 1975 deal with Motown valued at $13 million, [lower-alpha 3] reaching a new peak in the industry. [8] [9] The 1980s saw more contracts of eight figures, including record-breaking Diana Ross's $20 million contract with RCA Records in 1980, [10] or the Rolling Stones with CBS Records for $28 million in 1983. [11] An increase of blockbuster deals began in the 1990s, with top-signing artists such as Janet Jackson, Michael Jackson, Madonna and Prince each exceeding the $40–60 million marks, [12] [13] making multiple appearances in the Guinness World Records . [14] Up until 2016, only a few recording and multi-rights contracts outpaced the $100 million mark. [15] The largest music deals belong to catalog acquisitions which include songwriting and publishing rights, with an increase in the late 2010s and early 2020s. [16] [17] The Estate of Michael Jackson made the largest posthumous deals, followed by David Bowie.

Multi-million-sized music deals have often raised skepticism and been criticized in corporate terms for bi-directional disadvantages, [18] [19] [15] [20] [21] [22] including Prince's 1992 contract with Warner Bros deriving a contractual dispute. [18] Referred by a contributor from Forbes to as "the best-known and most-cited example" among misadventured contracts, [15] Mariah Carey's 2001 deal with Virgin Records marked "the first time that a major music corporation decided to cut its losses on a superstar agreement", according to The New York Times . [23]

List of largest recording contracts and multi-right deals

YearArtistMusic companyApprox dealNotesRef.
2008 Jay-Z Live Nation $150 million [24]
2002 Robbie Williams EMI Records $125 millionLabeled as the largest British record deal in history. [25]
2007 Madonna Live Nation $120 millionLabeled as the largest contract deal in history by a female artist. [26] [22] [27]
1995 Michael Jackson Sony Music $100 Million [28]
2001 Whitney Houston Arista Records $100 millionConsidered the largest contract in music at that point. [29]
2001 Mariah Carey Virgin Records $100–80 millionConsidered the largest contract in music at that point. [23] [21] [29]
2008 Shakira Live Nation $100–70 million [30] [31]
1996 R.E.M. Warner Records $80 millionConsidered the largest contract made by a band and in music industry at that time. [32] [12]
1996 Janet Jackson Virgin Records $80–70 millionConsidered the largest contract in music at that point. [33] [12]
2008 Nickelback Live Nation $70–50 million [34]
1991 Michael Jackson Sony Music $65–60–50 million [lower-alpha 4] Considered the largest contract in music at that point. [12] [39] [13] [40]
1991 Paul McCartney Capitol Records $65 million [14]
1992 Madonna Warner Records $60 millionConsidered the largest contract in music for a female pop entertainer at that time. [12] [13] [41]
1992 Barbra Streisand Columbia Records $60–40 million [12] [14]
1995 Metallica Elektra Records $60 million [12]
1999 Backstreet Boys Jive Records $60 million [42]
2022 YoungBoy Never Broke Again Motown $60 million [43] [44]
1998 U2 PolyGram $50 million [45]
1991 Janet Jackson Virgin Records $50–40–32 millionConsidered the largest contract in music at that point. [46] [47] [48]

Media estimations/expectatives

The following are contracts confirmed artists signed with respective record labels, but sums are largely based on media speculations.

YearArtistMusic companyApprox dealNotesRef.
2022 Drake Universal Music Group $400 million [49]
1993 U2 Island Records $200 million [2]
2012 Lil Wayne Cash Money Records $150 million [50]
2016 Adele Columbia Records $130 millionOriginally reported by British tabloid The Sun , but reported by others as an undisclosed amount. [15] [51] [52]
1992 Prince Warner Bros $100 millionUndisclosed price. [2] [18]
2016 Harry Styles Columbia Records $80 millionSum not confirmed. [53]

List of largest music catalog acquisitions

YearArtistPurchaser companyApprox dealNotesRef.
2021 Bruce Springsteen Sony Music $550–500 millionConsidered the biggest transaction ever struck for a single artist's body of work. [54] [55]
2020 Bob Dylan Universal Music Group $400–300 millionUndisclosed price. It is a songwriting catalog agreement. [56] [57]
2022 Phil Collins
Genesis 		Concord Music Group $300 million [57]
2021 Sting Universal Music Publishing Group $300 million [57]
2021 Paul Simon Sony Music Publishing $250 million [58]
2023 Katy Perry Litmus Music$225 million [59]
2023 Justin Bieber Hipgnosis Songs Fund $200 million [58]
2021 Neil Young Hipgnosis Songs Fund $150 million [57]
2022 Bob Dylan Sony Music $150 millionCatalog agreement. [57]

Posthumous

YearArtistPurchaser companyApprox dealRef.
2016 Michael Jackson (Estate) Sony Music Publishing $750 million [60]
2018 Michael Jackson (Estate) Sony $287 million [61]
2017 Michael Jackson (Estate) Sony $250 million [62]
2010 Michael Jackson (Estate) Sony $250 million [63]
2022 David Bowie Warner Chappell Music $250 million [57]

See also

Notes

  1. ↑ Due to high undisclosed reports as well varying estimated figures in certain cases, claims are taken by media
  2. ↑ The list excludes sponsorship deals, broadcasting rights, assets, or other business ventures made by recording artists with enterprises outside of the industry
  3. ↑ Also reported for an amount of $37 million. [7]
  4. ↑ Michael Jackson's 1991 deal with Sony largely vary by estimations. Established figures ranged from $50 million to 60 million and even $65 million. Originally, the deal was even also estimated at $1 billion by early media speculations. [35] [36] [37] [38]

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