According to a report on Friday originating from Reuters, the top moneymakers in the music industry are making their big bucks on the road. Despite the high cost of tickets for live performances, the artists' concerts draw large audiences.
More than 90 percent of the earnings of the four highest moneymakers in music in music for 2012 came from live performances.
Madonna was the top moneymaker in 2012, earning $32.6 million. More than 93 percent of the earnings stemmed from her 88-date MDNA Tour. Most of the income for all of top earners came from live performances.
Bruce Springsteen was the second highest moneymaker in music, pulling in $33.4 million. Roger Waters, the founder of Pink Floyd, came in third at $21 million.
"When it comes to making the biggest score, the most money always comes from high-paying live performances," Billboard's editorial analyst Glenn Peoples wrote in explaining the list.
"Ironically, the most popular touring artists are usually well past their peaks on the album sales charts."