Will they ever retire? Not likely.
According to Forbes magazine, the Rolling Stones were the top-selling musical act in the US last year. The Stones generated US$168 million in record and concert ticket sales in 2005, narrowly beating U2. The Stones' revenue was mainly generated by touring, as opposed to album sales.
The Stones are set to perform a free concert at Copacabana beach in Rio de Janeiro this weekend. (I'm sure music and passion will be in fashion.) Almost two million people are expected to attend.
Not bad for a bunch of dudes in their 60s.
Still Rollin'
Rolling Stones Unlikely to Ever Retire
Trend Themes
1. Live Music Revival - This trend reflects a growing interest in live music performances over album sales, presenting opportunities for innovative concert experiences and ticketing technologies.
2. Longevity in Entertainment - The Rolling Stones' continued success showcases the potential for artists to have long-lasting careers and capitalize on their brand through various revenue streams.
3. Nostalgia Rejuvenation - The popularity of the Rolling Stones highlights the enduring appeal of nostalgia-driven entertainment, creating openings for retro-themed events and merchandise.
Industry Implications
1. Music Industry - The music industry can leverage the trend of live music revival to explore new revenue models and enhance the concert experience through technological advancements.
2. Event Management - Event management professionals can tap into the demand for nostalgia-driven entertainment by organizing retro-themed events and creating immersive experiences that capture the spirit of the past.
3. Merchandising - The success of the Rolling Stones suggests opportunities for merchandising companies to capitalize on nostalgia by creating innovative retro-themed products that resonate with fans of all generations.