Saturday, June 15, 2024

Rock & Roll Hall of Fame 2013: $6 Mil in Income, $0 to Musicians or Anyone Else

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It’s the same story I’ve been writing for about 15 years now.

The Rock & Roll Hall of Fame prepares for tomorrow night’s extravaganza at the Braclays Center. The non profit Hall of Fame Foundation charges thousands of dollars for prime tickets, gives just two passes to inductees, and makes enemies left and right.

Let’s remember: they’re inducting the late Brian Epstein, and Rolling Stones original manager Andrew Loog Oldham. The latter refuses to attend. For the former, no one from his family is invited.

Tickets start at $3,000 to sit on the floor. For the public, there are at least 2,000 tickets circulating on the web. (Not all of the Barclays is being used.)

Here are the numbers from the 2013 tax filing Form 990:

Total assets: $9.6 million

Total income for 2013: $6 million.

Total amount spent on musicians or anyone in the world: Zero dollars.

Salaries: $500,000 approx. That’s $392,728 for CEO Joel Peresman and $100,000 to office workers.

Donation to the actual Rock & Roll Hall of Fame: $75,000.

Rent: $72,000*. *The offices are at Rolling Stone magazine, which is owned by the Rock Hall’s primo chief Jann Wenner, who rules the Rock & Roll Hall of Fame.

Travel: $10.207.

Still not in the Hall: Lou Reed, Chicago, Moody Blues, Chubby Checker, Billy Preston, Todd Rundgren, Ringo Starr, Sting, Bon Jovi, Rufus and Carla Thomas, Carly Simon, J Geils Band, and so on.

 

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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