One of the best ways to rake in big cash on your songwriting skills is for your song to be part of a movie's soundtrack, or better yet for it to be the feature song in a blockbuster Hollywood movie. 9 Oh Pretty Woman by Roy Orbison and Bill Dees (1964) It is estimated that Wells and Torme earned $19 million from their song. The song was first performed by Nat King Cole in 1946, and it became an instant hit on both the R & B and pop charts. The song is surrounded with irony because Mel Torme, who finished up the lyrics to the song, was Jewish and he wrapped up the song in 45 minutes on a hot and sunny California day. Who doesn’t know this song? Who hasn’t sung “chestnuts roasting on an open fire”? Bob Wells and Mel Torme, who were known at the time as The Velvet Fog, composed the song in 1944 as an effort to get relief from the overwhelming California heat. 10 The Christmas Song by Mel Torme (1944) The exact amount of money the song has made for John isn’t known, but there is no doubt John could retire on the royalties alone. The song is listed as the second best-selling single of all time. The song won Elton John a Grammy for Best Pop Vocal Performance in 1988. The rewritten version was also known by the title Goodbye England's Rose. The rewritten version had greater success than the original version. It reached number one on music charts across the globe. The new version of the song was released as a single. In 1997 Elton did a rewrite on the song as a memorial for his close friend Princess Diana. The song was originally written about the death of Marilyn Monroe. 11 Candle In The Wind by Elton John and Bernie Taupin (1973)Ĭandle in the Wind was written in 1973 by the pairing of Elton John and Bernie Taupin. It was only the second single to reach top 3 on the Billboard Hot 100 on three separate chart runs. Houston's version quickly became one of the best-selling singles of all time. In 1992, it topped the charts again when Whitney Houston covered it for her 1992 movie, The Bodyguard. The song helped Dolly win Female Vocalist of the Year in 1975 at the CMA Awards. Dolly wrote the song for her partner at the time, Porter Wagoner. The song had good commercial success and it reached number one on the Billboard Hot Country Songs Chart two times in 1974 and again in 1982.
I Will Always Love You was written and recorded by Dolly Parton, in 1973. 13 I Will Always Love You by Dolly Parton (1973) 12 Here is a look at the 12 highest earning songs of all times.
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If the songwriter’s song appears in a movie, TV show, video game or commercial, the artist’s record label will make a deal and the songwriter will get a large amount of the licensing royalties. While some songs are short lived, others go on for years and rake in millions. There are also more ways that songwriters rake in the cash from their writing skills. There are also residual royalties from other markets. Whenever a record sells, the songwriter receives 9.1 cents in mechanical-royalty payments.
Songwriters are entitled to a portion or percentage of each product that they create.
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It’s almost vital to survival that artists learn how to write their own songs, but not just any song, a hit song.Īrtists have actually been able to retire early and live lavish lifestyles off of the royalties from their few popular songs. The music business is like any other business you produce a product and hope that there is a high demand for it. If you want to rake in the big bucks you have to have (or write) the ultimate song. Being successful in the music business takes more than just a great voice.