Performance fees of superstars Wizkid, Davido, Burna Boy, Olamide leaks online
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| Burnaboy,Wizkid,Davido,Olamide |
Burna Boy is the topic of conversation as Wizkid, Davido, Olamide, and Burna Boy's performance fees go viral.
Success and financial gain for Nigerian musicians have been attained through a variety of channels, including streaming, endorsements, and goods promotion.
Performance fees are still a significant source of money for them, though. Afrobeats' popularity has led to performers being paid more to perform at gatherings, shows, and concerts.
Top Nigerian music singers prefer to charge in dollars, whether at home or overseas, according to Adeshola Adefuwa-Cole, CEO of Cole Management Services, in order to stay up with global market forces.
Adefuwa-Cole disclosed the average event fee for some of the biggest Nigerian music acts.
Currently, Burna Boy commands the highest performance fee, demanding $1 million or more per performance.
Wizkid charges between 800,000 and $1,000,000, with Davido charging somewhere in the middle at about 500,000. Olamide also demands $500,000 for each performance.
In addition to the established performance fees, the artists have extra requirements for themselves and their team in order to make the concert as convenient as possible.
For instance, a chartered airplane with one business class and six economy return tickets must be supplied for Wizkid.
The venue, the number of attendees, and the artist's level of notoriety are just a few of the many variables that affect the top Nigerian music acts' expenses.
Before the contract is signed, the booking must be confirmed. It must include one business class and six economy round-trip tickets from Lagos. Ten single standard rooms, one penthouse suite, and one premium suite are available for lodging.
Each person receives a daily allowance of $300 (for artists), $200 (for managers), and $100 (for crew). Additionally, ground transportation as well as security must be offered, he continued.
He also mentioned Rema's $200,000 fee and Tiwa Savage's $100,000 fee. Each of Tems and Ayra Starr's fees is $50,000. Asake charges $100,000, while Kizz Daniel charges $200,000.
@jerwmy reacted: “We knew he would top the chart. Not called Odogwu for nothing.”
@savannah said: “Nice one. Money making machines.”
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