Eric Clapton tires of lucrative life on the road
The legendary guitar player says he may quit touring in 2015, when he turns 70.
"The bit onstage, that's easy," Clapton told the magazine. "But for me, the struggle is the travel. And the only way you can beat that is by throwing so much money at it that you make a loss."
Clapton's move has financial consequences. When he started out during the 1960s, rock musicians made most of their money from record sales. Now, their main source of income comes from touring. A Princeton University paper pointed out that the income from touring exceeded income from record sales by a ratio of 7.5 to 1 in 2002.
Touring is so lucrative that bands who reportedly don't get along with one another, such as The Police, were willing to set aside their differences for a big payday. The concert business, though, isn't immune from the issues affecting the broader economy. Revenue for the top concert tours in 2012 was $3 billion, down slightly from $3.07 billion in 2011, according to a Los Angeles Times story, citing data from Pollstar.
Gary Bongiovanni, editor of Pollstar, told MSN in an interview that he expects the industry to generate at least as much revenue this year.
Many of last year's top-grossing acts featured artists who were older than Clapton, such as 69-year-old Roger Waters, the creative force behind Pink Floyd; Beatle Paul McCartney, 70; and 68-year-old Rod Stewart. Most musicians seem to never tire of the road. Fleetwood Mac member Christine McVie is one of the few classic rockers who have retired.
"A lot of musicians have surprised themselves that they can go out and work and there is demand to see them," Bongiovanni said.
Clapton, who has been successful both as a solo artist and a member of groups such as "Cream" and "Blind Faith," clearly isn't hurting financially. Celebrity Net Worth pegs his fortune at $200 million. Though Clapton travels in the comfort and style befitting a rock star, he can't escape all of the hassles of modern travel, such as airport security.
"I never get it right," Clapton, whom some call "Slow Hand," told the magazine when discussing security. "I forget to take off my belt, or I have change in my pocket. . . I just don't want to do that anymore."
His frustration, of course, is shared by many members of the traveling public.
The guitarist, who has battled drug addiction and the tragic death of his young son, is in the midst of a worldwide tour to support his 21st album, "Old Sock." He isn't planning to quit performing entirely if he goes through with his retirement plans.
--Follow Jonathan Berr on Twitter @jdberr.
- Taco Bell joins Europe's horse meat parade
Why does he need more money? At his age, he'll never spend what he already has.
Hey Eric, do a goodbye tour and fix ticket prices at $6, like it was in the early 70s .I've still got a ticket stubb of one of yours and it's face value is $7.50.
You're worth almost a quarter billion. Get a plane.
Old Rockers, don't die.....They just Rock-on...
(ww2...wtf are you jabbering about ??)
Of course THE definitive classic voice who paved the way for low-pitched female rock singers, Beverly Bivens of We Five (You Were On My Mind, High Flying Bird, etc.), sadly got married in the 1960's, got into avant-guard jazz for a while and then disappeared to raise kids, and didn't resurface until 2009. She can sing from high soprano to low tenor and her vocal range was (is?) so wide, vibrant, and on key (in the days before autotune!) people wondered if it was the same lead-singer doing all the songs on We Five's first two albums. I wish she'd do a tour.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market welcomed the new trading week with a mixed session that saw relative strength among large-cap stocks, while high-beta names underperformed. The Dow Jones Industrial Average (+0.3%) and S&P 500 (-0.1%) finished near their flat lines, while the Nasdaq Composite and Russell 2000 both lost 1.1%.
Equities began the day on a cautious note amid continued concerns regarding the strength of the global economy. Over the weekend, China reported its first decline ... More
More Market News
Stocks drift lower and bonds are hit as investors await the Fed. Prepare for higher volatility this week.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'