Lady Gaga About To Make N364.7 Million A Day

By on December 22, 2018
Lady gaga

According to a report by Variety, Gaga who is getting ready for her much-anticipated residency at MGM Grand Las Vegas that kicks off on December 28, she will be making a lot of money.

It is learnt that the Grammy award-winning actress will be taking home around N364,780,000 ($1 million) that night and and possibly every night of the 74-show stint over the next two years as she plays to a nearly sold-out theatre of 5,200 seats.

It is further gathered that fans paid somewhere between N19,698 ($54) and N2,170,441 ($5,950) for each ticket.

Her projected earnings is more than twice what Britney Spears reportedly brought in from her 2017 residency, and double the N182,390,000 ($500,000) that reigning Vegas queen Celine Dion reportedly makes for each performance of her seven-year Caesars residency.

Speaking about the projection, an industry insider who spoke to Variety on the condition of anonymity said,

“These shows don’t become profitable until they hit 70-75% occupancy. I haven’t looked into the pricing on [Lady Gaga’s] tickets, but I can tell you the economics of that room, 5,000 seats and change. In my mind, it’s hard to pay more than $750,000 as a guarantee.”

There’s a sum that a headliner is guaranteed (a number often speculated on but rarely revealed), and what they actually take home, which can be more. The money Lady Gaga will reportedly earn is supposedly a guarantee, but neither Gaga nor MGM has confirmed.

“It’s not that she couldn’t make $1 million if the shows are sold out, but the artist guarantees for rooms of about 4,000 to 5,000 seats are [usually] in the $300,000 to $750,000 range.”

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