Decoded: The Money Behind Winning a Grammy

Pharrell Williams accepts the award for best pop solo performance for "Happy" at the Grammys. (John Shearer/Invision/AP)
Pharrell Williams accepts the award for best pop solo performance for "Happy" at the Grammys. (John Shearer/Invision/AP)
Pharrell Williams accepts the award for best pop solo performance for “Happy” at the Grammys. (John Shearer/Invision/AP)

 

(Black Enterprise) – Many have wondered if artists get paid for performing at the Grammy’s or if they take home extra cash after winning an award. BlackEnterprise.com did a little digging  to find the answers, and it turns out that the Beyoncé’s and Rihanna’s of the world who cash in millions for their world tours don’t get paid a cent when they grace the esteemed ceremony. They don’t get a check for winning either; but we’re sure those golden trophies could auction off for a hefty dollar amount should they ever need the funds.

The live event is far from a loss though. Forbes reports that performers and producers see a “‘Grammy Bounce’ of at least 55% in concert ticket sales and producer fees during the year following a Grammy win.” David Banner told the source that his producer fee jumped from $50,000 to $100,000 after his work on Lil Wayne’s single “Lollipop.”

Co-producer Jim Jonsin, who also worked with Beyoncé, told DailyFinance.com that the rewards were “life-changing.” “If I really wanted to, I could charge a good 20% to 30% more. I didn’t raise my prices, though,” he said of his Grammy win.

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