Macca earns 400K-600K per year off Xmas Song

Discussions of various topics about Paul not covered in the forums below.

Moderator: Mike

Macca earns 400K-600K per year off Xmas Song

Postby jgkojak » Fri Dec 24, 2010 6:01 pm

Great - fascinating article on Wonderful Christmastime.

http://blogs.forbes.com/zackomalleygree ... nnelforbes

Paul McCartney Continues to Have a Wonderful (Financial) Christmas Time
Dec. 23 2010 - 2:25 pm | 8,364 views | 0 recommendations | 2 comments
By ZACK O'MALLEY GREENBURG
Wonderful Christmastime

Paul McCartney's holiday gift to the world -- and to himself -- keeps on giving.

Christmas is still days away, but Paul McCartney has already given himself the gift that keeps on giving: The song “Wonderful Christmastime.”

Released in 1979, the ditty was written, produced and performed by the knighted Beatle. He even played all the instruments himself. As a result, he receives royalties as a songwriter and performer, and doesn’t have to share the pieces of this festive sonic pie with anybody else.

So just exactly how much money does the song generate per year?

“The song is what we in the industry call an evergreen, because it gets played all the time,” explains entertainment attorney Bernie Resnick. ”[McCartney's] publishing royalty check every fourth quarter probably has a lot of zeros on the end.”

Another industry source puts the number in the $400,000-$600,000 range annually. By way of a back-of-the-envelope calculation, that means McCartney has seen about $15 million from the song since its release. That’s a bit less than what McCartney earns in an entire year these days from royalties on songs recorded by himself and with Wings and The Beatles.

McCartney was likely motivated to record the holiday standard in part because of his disastrous financial experience with The Beatles. The group’s first record deal with EMI paid out a measly penny per record sold, and though the group’s members made millions, by most accounts they earned far less than they should have. A suit against EMI for $60 million in unpaid royalties was settled three years ago (the struggling record company may soon be up for sale; suitors include WMG, BMG, and possibly Apple or Google).

And with revenues from streaming music on the rise, don’t expect McCartney’s steady stream of earnings from ‘Wonderful Christmastime’ to dry up anytime soon.

“If you listen to ‘Frosty the Snowman,’ it sounds like it’s from another century,” says Resnick. “‘Wonderful Christmastime’ doesn’t sound dated, and it’s more than 30 years old. McCartney was smart because not only did he write and record the song himself, but he created a song that will stand the test of time.”
Everyone's talkin' 'bout the President
We all chip in for a bag of cement
User avatar
jgkojak
Supporter
Supporter
 
Posts: 1997
Joined: Wed Jul 06, 2005 2:13 am
Location: Olathe, KS

Re: Macca earns 400K-600K per year off Xmas Song

Postby EddieV » Sat Dec 25, 2010 12:57 pm

I think I´ll write a Chrismas evergreen :-?? But how

Would like to know how much Happy Christmas (War Is Over) earns every year? '

Btw Happy Christmas is the greatest Christmas songe ever written!!!!!
Now junior behave yourself
User avatar
EddieV
Supporter
Supporter
 
Posts: 7040
Joined: Wed Sep 15, 2004 3:13 am
Location: Svendborg, Denmark

Re: Macca earns 400K-600K per year off Xmas Song

Postby markfeber@yahoo.com » Sat Dec 25, 2010 2:09 pm

gotta agree eddie. happy x mas is the best x mas song ever!!!!!
markfeber@yahoo.com
Bronze member
Bronze member
 
Posts: 604
Joined: Mon Oct 06, 2008 11:28 pm

Re: Macca earns 400K-600K per year off Xmas Song

Postby Craigerb » Sat Dec 25, 2010 6:30 pm

See the full discussion @ "Wonderful Christmastime" vs. "Happy Xmas"
in Board index ‹ Paul McCartney : MACCA Forums ‹ MACCA - all discussions
"And in the end/The love you take/Is equal to/The love you make."
User avatar
Craigerb
Supporter
Supporter
 
Posts: 78
Joined: Wed May 17, 2006 2:40 pm

Re: Macca earns 400K-600K per year off Xmas Song

Postby cd1500rpm » Mon Dec 27, 2010 4:37 pm

I thought this was a Wings recording credited to Paul as a solo artist (3rd paragraph). Is this incorrect?
cd1500rpm
Jr. Member
Jr. Member
 
Posts: 100
Joined: Tue Sep 04, 2007 10:37 pm

Re: Macca earns 400K-600K per year off Xmas Song

Postby Mike » Tue Dec 28, 2010 1:51 pm

In the video for the song it shows Wings happily playing along but I do remember either Lawrence or Denny saying how they didn't play but had to fake it. It surely does sound like a song layered full of Paul with all his little vocal blurbs. Nice guitar solo too!

http://www.macca-central.com/macca-song ... round=#000
Mike Kovacich
Image
www.macca-central.com . . . . . . . . . . . . www.maccaradio.com
The Paul McCartney FUNSITE . . . . . . . . The Voice of The Beatles
User avatar
Mike
Gold member :)
Gold member :)
 
Posts: 3844
Joined: Wed Jul 25, 2001 1:00 am
Location: Ontario, Canada

Re: Macca earns 400K-600K per year off Xmas Song

Postby cd1500rpm » Tue Dec 28, 2010 6:21 pm

It is a Paul solo recording. The Back To The Egg 1993 Remaster liner notes say:

Wonderful Christmastime: The first output from the McCartney solo sessions of mid-1979. Rudolph was recorded in '75, also without Wings.
cd1500rpm
Jr. Member
Jr. Member
 
Posts: 100
Joined: Tue Sep 04, 2007 10:37 pm


Return to MACCA - all discussions

Who is online

Users browsing this forum: No registered users and 2 guests

cron