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The Rolling Stones the Rolling Stones Are the Most Successful

question 112

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The Rolling Stones The Rolling Stones are the most successful act in the music industry largely because they run the band as a business-the Rolling Stones, Inc. Since 1989 (the beginning of the modern age of the Rolling Stone) , the band has generated more than $1.5 billion in gross revenues. That total includes sales of records, song rights, merchandising, sponsorship money, and touring. Unlike some other groups, the Stones carry no anti-business baggage. The Rolling Stones, Inc. operates on a combustible mix of talent and intense labor-the product of four decades of trial and error. The company licenses over 50 products from underwear to formalwear. The Voodoo Lounge tour in 1994 grossed $121.2 million, record earnings for a single tour. Over the past decade, the group's song writing has made about $56 million. The next time you see Mick Jagger, think of him as the highly successful CEO of a mid-sized corporation. The goal of the corporation is to continue providing products that differ from its competitors' offerings so that fans will continue to pay a premium price for what it sells. Refer to The Rolling Stones. What kind of diversification has the Rolling Stones used to grow their business?

Definitions:

Circumstantial Evidence

Evidence that relies on an inference to connect it to a conclusion of fact, unlike direct evidence which directly proves a fact.

Indirect Evidence

Evidence that implies a fact but does not directly prove it, requiring inference or presumption to connect it to the conclusion.

Inference

The act of deriving logical conclusions from premises known or assumed to be true.

Freedom of Information Act

A law that allows for the full or partial disclosure of previously unreleased information and documents controlled by the government, promoting transparency.