TXT is having their most profitable 12 months but. They’ve steadily climbed up in recognition and at the moment are some of the common boy teams on the market. The boys are at the moment on their Act: Sweet Mirage world tour, spanning Asia, the United States, and extra.

Just how a lot are the boys taking residence for his or her exhausting work? It was reported that they’ve managed to gross round USD $23.6 million for the 17 reveals that they’d offered out utterly thus far.

‘Act: Sweet Mirage’ Tour by @TXT_members has now grossed $23.6 million from 199,883 tickets offered in 17 reveals reported. (100% Sold Out) pic.twitter.com/q8REN36pvu

— TXT Charts (@TXTChartData) May 24, 2023

Fans speculated that they’d have taken residence round USD $3.2 million per member.

so bighit artists take residence 70% of their live performance income* which suggests txt has made $16,100,000 as a crew which divided by 5 is $3,220,000 every… https://t.co/TY3XR0Xplm

— aspen (@txtcvnt) May 24, 2023

But not all the cash is pocketed by them! Some of this gross income goes to the promoters, and naturally, it additionally has to cowl the venue charges and any exterior and inner employees.

How concert events work is that somewhat than the artists being paid by gross income, the promoter indicators a buy-out contract with the corporate, often known as an look or assure charge. The promoter then takes over any incurring prices, together with flights, transport, lodging, exterior employees charges, and so forth. The promoter then will get to bag the earnings after the live performance is over. Some buy-out contracts embrace a clause for incentives based mostly on ticket gross sales, and a few don’t.

In HYBE (BigHit Music) and TXT’s case, it has been recognized from earlier information that the artist takes residence 70% of the features from abroad promotions, together with concert events and excursions. The boys will nonetheless stand to earn a hefty quantity.

According to Money Today Korea, buy-out charges can go as much as ₩80.0 million KRW (about $60,100 USD) to ₩100 million KRW (about $75,200 USD). This will be greater relying on the artist and venue capability. Using that body and the utmost of ₩100 million KRW (about $75,200 USD), the 17 reveals would have generated USD $1,278,400 million. 70% of that quantities to USD $894,880. Divided amongst the 5 members, TXT most likely took residence USD $178,976 per particular person!

Keep in thoughts that the ultimate quantity might be greater than that, seeing as they managed to promote out each venue.

TXT

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