How Much Does Pentatonix Earn?
Pentatonix, the a cappella sensation, has taken the music industry by storm with their unique sound and captivating performances. The group, consisting of Scott Hoying, Mitch Grassi, Kirstin Maldonado, Kevin Olusola, and Matt Sallee, has amassed a massive following worldwide. But have you ever wondered how much they earn?
Tours and Concerts
Pentatonix earns a significant amount from their tours and concerts. According to Pollstar, their 2017 Christmas tour grossed over $30 million from 34 shows, with an average attendance of around 7,000 fans per show. Their 2019 tour, which featured 45 shows, grossed over $40 million. These figures are impressive, considering they are an a cappella group without the burden of instrumental equipment.
Album Sales and Streaming
Pentatonix has released several successful albums, including "Pentatonix," "A Pentatonix Christmas," and "Christmas Is Here!" These albums have debuted at the top of the Billboard charts, with "A Pentatonix Christmas" selling over 200,000 copies in its first week alone. According to the Recording Industry Association of America (RIAA), they have sold over 10 million albums in the United States alone.
In addition to album sales, Pentatonix earns significant revenue from streaming. With over 3.5 billion streams on Spotify, they are one of the most streamed a cappella groups of all time.
Merchandise and Endorsements
Pentatonix also earns a substantial amount from merchandise sales, including jerseys, hoodies, and other memorabilia. They have partnerships with brands like Toyota, Google, and Microsoft, which contribute to their revenue.
YouTube Ad Revenue
With over 15 million subscribers and over 3.5 billion views on YouTube, Pentatonix earns a significant amount from YouTube ad revenue. According to estimates, they earn around $2 million to $3 million per year from YouTube ads alone.
Individual Income
While it's difficult to estimate the individual income of each member, according to Celebrity Net Worth, Scott Hoying's net worth is around $8 million, Mitch Grassi's is around $7 million, and Kirstin Maldonado's is around $6 million. Kevin Olusola's net worth is around $5 million, and Matt Sallee's is around $4 million.
Total Earnings
Estimating Pentatonix's total earnings is a complex task, as it involves various revenue streams. However, based on their success in album sales, tours, merchandise, endorsements, and YouTube ad revenue, it's safe to say that they earn tens of millions of dollars each year.
In 2020, Forbes estimated their annual income to be around $40 million. While this figure might not be exact, it gives an idea of their earning potential.
Conclusion
Pentatonix's unique sound and captivating performances have translated into a lucrative career. With their success in various revenue streams, they have become one of the highest-earning a cappella groups of all time. While their individual incomes might vary, it's clear that they are all enjoying a comfortable lifestyle thanks to their hard work and talent.