But misgivings have receded dramatically. In January, Beyoncé did her first show in more than four years—not in a stadium of screaming fans but at a new hotel in Dubai, earning a reported twenty-four million dollars for an hour-long set. More than a few Beyoncé fans winced; after dedicating a recent album to pioneers of queer culture, she was plumping for a hotel owned by the government of Dubai, which criminalizes homosexuality. (As a popular tweet put it, “I get it, everyone wants their coin, but when you’re THAT rich, is it THAT worth it?”) Artists, by and large, did not join the critics. Charles Ruggiero, a drummer in Los Angeles who is active in jazz and rock, told me, “The way musicians look at it, generally speaking, is: It’s a fucking gig. And a gig is a gig is a gig.”
If you have a few million dollars to spare, you can hire Drake for your bar mitzvah or the Rolling Stones for your birthday party. Robert Norman, who heads the private-events department at the talent agency C.A.A., recalls that when he joined the firm, a quarter century ago, “we were booking one or two hundred private dates a year, for middle-of-the-road artists that you’d typically suspect would play these kinds of events—conventions and things like that.” Since then, privates have ballooned in frequency, price, and genre. “Last year, we booked almost six hundred dates, and we’ve got a team of people here who are dedicated just to private events,” Norman said. An agent at another big firm told me, “A lot of people will say, ‘Hey, can you send me your private/corporate roster?’ And I’m, like, ‘Just look at our whole roster, because everybody’s pretty much willing to consider an offer.’ ”
The willingness extends to icons who might seem beyond mortal reach, including three Englishmen honored by Her Late Majesty: Sir Paul McCartney, Sir Elton John, and Sir Rod Stewart. “We just did Rod Stewart for $1.25 million here in Las Vegas,” Glenn Richardson, an event producer, told me. It was a corporate gig for Kia, the car company. “He’ll do those now, because Rod’s not doing as many things as in his heyday,” Richardson added. A random selection of other acts who do privates (Sting, Andrea Bocelli, Jon Bon Jovi, John Mayer, Diana Ross, Maroon 5, Black Eyed Peas, OneRepublic, Katy Perry, Eric Clapton) far exceeds the list of those who are known for saying no (Bruce Springsteen, Taylor Swift, and, for reasons that nobody can quite clarify, AC/DC).
Occasionally, the music press notes a new extreme of the private market, like hits on the charts. Billboard reported that the Eagles received six million dollars from an unnamed client in New York for a single performance of “Hotel California,” and Rolling Stone reported that Springsteen declined a quarter of a million to ride motorcycles with a fan. But privates typically are enveloped in secrecy, with both artists and clients demanding nondisclosure agreements and prohibitions on photos and social-media posts. Sabec told me, “They don’t want anybody to know how much they paid the artist, for example, or the details of the party. And the musician might not necessarily want it to be discussed, either.” (After the news of Beyoncé’s fee leaked, Adam Harrison, a veteran manager, told me, “That is my nightmare.” Then he reconsidered the effect on Beyoncé’s operation: “It probably raises their rates.”)
Until recently, the stigma extended beyond style. A prominent music executive said, “There was a phase where artists would take a private show—a cancer benefit—and somebody would find out that they’re getting paid to perform, and then they look like complete cocks in the media, because they took money and some child was dying of cancer. There was risk in the money.”(...)
The willingness extends to icons who might seem beyond mortal reach, including three Englishmen honored by Her Late Majesty: Sir Paul McCartney, Sir Elton John, and Sir Rod Stewart. “We just did Rod Stewart for $1.25 million here in Las Vegas,” Glenn Richardson, an event producer, told me. It was a corporate gig for Kia, the car company. “He’ll do those now, because Rod’s not doing as many things as in his heyday,” Richardson added. A random selection of other acts who do privates (Sting, Andrea Bocelli, Jon Bon Jovi, John Mayer, Diana Ross, Maroon 5, Black Eyed Peas, OneRepublic, Katy Perry, Eric Clapton) far exceeds the list of those who are known for saying no (Bruce Springsteen, Taylor Swift, and, for reasons that nobody can quite clarify, AC/DC).
Occasionally, the music press notes a new extreme of the private market, like hits on the charts. Billboard reported that the Eagles received six million dollars from an unnamed client in New York for a single performance of “Hotel California,” and Rolling Stone reported that Springsteen declined a quarter of a million to ride motorcycles with a fan. But privates typically are enveloped in secrecy, with both artists and clients demanding nondisclosure agreements and prohibitions on photos and social-media posts. Sabec told me, “They don’t want anybody to know how much they paid the artist, for example, or the details of the party. And the musician might not necessarily want it to be discussed, either.” (After the news of Beyoncé’s fee leaked, Adam Harrison, a veteran manager, told me, “That is my nightmare.” Then he reconsidered the effect on Beyoncé’s operation: “It probably raises their rates.”)
Until recently, the stigma extended beyond style. A prominent music executive said, “There was a phase where artists would take a private show—a cancer benefit—and somebody would find out that they’re getting paid to perform, and then they look like complete cocks in the media, because they took money and some child was dying of cancer. There was risk in the money.”(...)
The opprobrium dissipated before long. In 2015, when critics urged Nicki Minaj to forsake a reported fee of two million dollars for a concert sponsored by a company linked to Angola’s dictator, she dismissed them with a tweet: “every tongue that rises up against me in judgement shall be condemned.” The music executive told me that there is even a sense of commercial competition among stars, who now measure themselves as entrepreneurs. “If you’re Kevin Durant, and you don’t have five businesses, you’re a schmuck,” he said. “ ‘I made twenty-five million dollars playing ten birthday parties.’ That used to be seen as ‘You fucking piece-of-shit sellout.’ Now it’s ‘How do I get me some of those?’ ”
At bottom, the boom in private gigs reflects two contrasting trends. One has to do with the music industry. For more than a century after sound was first captured on wax cylinders, in the eighteen-eighties, the money came mostly from selling recordings. But that business peaked in 1999, and, as CDs vanished, revenue sank by more than fifty per cent. It has recovered on digital subscriptions, but the new giants—Spotify, Apple, YouTube—pay artists only a fraction of what physical sales once delivered.
The other trend is the birth of a new aristocracy, which since 2000 has tripled the number of American billionaires and produced legions of the merely very rich. As musicians have faced an increasingly uncertain market, another slice of humanity has prospered: the limited partners and angel investors and ciphers of senior management who used to splurge on front-row seats at an arena show. Ruggiero, the drummer, told me, “People didn’t use to do this, because they couldn’t afford to have, like, the Foo Fighters come to their back yard. But now they can. They’re, like, ‘I can blow a hundred and fifty grand on a Thursday.’ ” (...)
Even as streaming has diminished the returns on recording, social media has created an expectation of accessibility. Fans no longer assume that their favorite artists are remote figures. Viecelli told me, “I’ll get e-mails from people saying, ‘I live in Philadelphia, and I see that they’re coming to town, and my daughter is a big, big fan. Could you stop off at our house to play a few songs?’ ” He laughed. “It’s, like, ‘Are you nuts?’ But if that person says, ‘And I’d be happy to pay five hundred thousand dollars for the privilege,’ well, then, actually it begins to change.”