- The 1994 vacation hit “All I Need for Christmas Is You” rakes in thousands and thousands of {dollars} a 12 months, consultants stated.
- The regulation agency Manatt, Phelps & Phillips estimates the yuletide jingle has earned $103 million globally since its debut, from sources like streaming, album gross sales and track downloads.
- Mariah Carey, the track’s performer, co-writer and co-producer, seemingly will get a giant chunk of that income, they stated. It is exhausting to know a exact determine with out understanding phrases of her music contracts.
- Billboard estimated that the “Queen of Christmas” made no less than $2.7 million in 2022.
“I do not need rather a lot for Christmas / There is only one factor I want / A solution to only one query / An estimate of Mariah Carey’s track royalties, please?”
No, my makeshift lyrics aren’t as catchy because the opening strains of Carey’s “All I Need for Christmas Is You,” the 1994 jingle that grew to become virtually ubiquitous over the airwaves round vacation season.
However they do pose a query that probes into the black field of music-industry economics: How a lot cash does the track earn for Carey, the track’s performer and so-called “Queen of Christmas,” annually?
Income estimates by Billboard recommend she made maybe $2.7 million to $3.3 million in 2022, for instance, from track downloads and on-demand streaming. It excludes different doubtlessly profitable income streams like Christmas TV specials.
However it’s exhausting to know a exact sum, largely as a result of contractual particulars between Carey, her music label and track publishers aren’t public, consultants stated. The pop star’s publicist, Chris Chambers, did not return a request for remark submitted to his agency, The Chamber Group, about her royalties.
“No matter it’s, it is some huge cash,” stated Natasha Chee, a music, leisure and mental property legal professional at regulation agency Donahue Fitzgerald.
The track could have earned $103 million since 1994
“All I Need for Christmas Is You” is a yuletide juggernaut.
Spotify introduced this month that the anthem was the first-ever vacation track to surpass 2 billion international streams. It has been the No. 1 track globally on Christmas Day annually since 2016, Spotify stated.
The tune’s reputation has solely grown: Complete U.S. audio streams rose to 249 million in 2023, up about 49% from 167 million in 2019, in response to Luminate, which tracks music {industry} knowledge.
(As of Dec. 12, whole U.S. streams of the track this 12 months have been down 8% relative to 2023, Billboard estimated. That is partly a operate of the shorter vacation season from a late Thanksgiving, consultants stated.)
The track “is a cash machine,” stated George Howard, a professor on the Berklee Faculty of Music and former president of Rykodisc, an impartial document label. “It is an actual phenomenon,” he stated.
Mariah Carey performs onstage throughout her “All I Need For Christmas Is You” tour at Madison Sq. Backyard on Dec. 15, 2019 in New York Metropolis.
Howard, who additionally does consulting work to worth music copyrights, estimates the chart-topper makes $2 million to $4 million in annual gross income.
Equally, Manatt, Phelps & Phillips, which focuses on music {industry} regulation, estimates the hit generates $3.4 million a 12 months.
Over its 30-year existence, the track has made about $103 million in earnings, the regulation agency estimates. The projections embody international streaming and non-streaming income sources, in response to Manatt, which created Billboard’s royalty calculator.
The track’s 2 billion international Spotify streams alone earned $9.8 million in royalties, in response to the calculator.
However Carey solely will get a portion of these earnings.
Why Carey is probably going getting paid ‘six methods to Sunday’
Mariah Carey performs in the course of the opening present of Mariah Carey: All I Need For Christmas Is You at Beacon Theatre on Dec. 5, 2016 in New York Metropolis.
The ecosystem of music royalties is notoriously convoluted.
Cash flows to many contributors, like writers, performers, producers, sound mixers and document labels. Payouts to every individual can differ from track to track, relying on contractual phrases, consultants stated.
The phrases of Carey’s royalty offers aren’t public information.
The singer is probably going getting a “greater chunk” of income than most artists, Howard stated. That is due to Carey’s a number of credit on the track: She’s listed as the only performer, in addition to its co-writer and co-producer. (Walter Afanasieff is the opposite co-writer and co-producer.)
Such a mess of credit is uncommon to see, Howard stated. And it is an necessary consider Carey’s final take-home pay.
Extra from Private Finance:
Paying down debt is People’ high monetary purpose for 2025
There is a increased 401(ok) restrict for 2025
These are the highest 10 ‘housing scorching spots’ for 2025
Music royalties are totally different from these of different works like books or images.
That is as a result of there are two distinct royalty streams — one for music composition and one other for sound recording, stated Jordan Bromley, associate and head of Manatt Leisure. Consider the previous just like the sheet music sitting in your piano (the songwriting), and the latter because the recorded track that you simply hear, he stated.
Every has its personal royalty construction. The royalties for music composition are acquired by songwriters and publishers, whereas these for sound recording are paid to track performers and their labels, Howard stated.
Carey “has each the copyright to the track and the sound recording, so she’s getting paid on each side,” Howard stated.
“She’s getting paid six methods to Sunday,” he stated.
A track’s writers and publishers — and never its performers — get the royalties when a track performs in a public area, comparable to on TV and radio, or in eating places and retail shops, consultants stated. The U.S. is likely one of the few international locations to have such a rule, Howard stated.
Which means Carey (and Afanasieff, her co-writer) will get royalties every time a canopy model of “All I Need for Christmas Is You” performs within the public area. Over 150 performers have lined the track, in accordance to ASCAP, a performing rights group.
Carey and Afanasieff cut up their writing credit with publishers together with Common Music, Sony Music and Kobalt Songs Music Publishing, in accordance to ASCAP.
Nonetheless, track recording usually brings in 4 to 5 instances the income of songwriting, Bromley stated.
“For those who’re a songwriter with no document income, it is exhausting to make a dwelling even when you’re making hits,” he stated.
The artist’s take of the recording income relative to the label’s can swing extensively, anyplace from 20% as much as 90%, relying on the contract, Bromley stated. “All I Need for Christmas Is You” was launched by Columbia Data, which is owned by Sony Music.
Afanasieff, Sony Music and Kobalt Songs Music Publishing did not return requests for remark. Common Music Publishing Group declined remark.
Why Carey could have remodeled $2.7 million in 2022
Santa Claus and Mariah Carey throughout a pre-tape efficiency for NBC’s Christmas tree lighting at Rockefeller Middle on Nov. 27, 2012 in New York Metropolis.
Consultants observe that earnings from document gross sales and licensing can differ enormously from 12 months to 12 months, whereas income from streaming and efficiency is extra predictable.
Of the aforementioned estimated $8.5 million in international income and publishing royalties that “All I Need for Christmas Is You” earned in 2022, the Carey grasp recording introduced in $5.3 million and publishing royalties accounted for the remaining $3.2 million, Billboard stated.
What was Carey’s reduce?
She made about $1.9 million of the grasp recording income, Billboard estimated, whereas her label, Sony, saved the opposite $3.4 million.
Carey additionally earned an estimated $1.6 million of the publishing, assuming she and Afanasieff cut up the writing 50-50. However her take-home pay would have been much less, relying on her publishing deal — maybe starting from about $795,000 to $1.4 million, Billboard stated.
All informed, these estimates recommend Carey could have made about $2.7 million to $3.3 million from recording and publishing in 2022.
This excludes income from any monetary preparations for soundtracks from Christmas TV specials, that are seemingly profitable, in response to Billboard. It additionally excludes cowl variations of the track.
“There is a ton of income that opens up” for a pop star who is sort of “co-branded” with Christmas, together with offers for model endorsements, dwell performances, cosmetics, dwelling items and attire, Manatt Leisure’s Bromley stated.
The present that retains giving
The track is the present that may maintain carry on giving for years, consultants stated.
The copyright for works printed after Jan. 1, 1978, usually stays intact for the writer’s lifetime, plus 70 years after the writer’s demise, in response to Chee of Donahue Fitzgerald.
Within the case of a joint work with two or extra authors, comparable to “All I Need for Christmas Is You,” the rule applies to the final surviving writer.
Meaning Carey’s property will seemingly rake in royalties for many years, till the track finally passes into the general public area, she stated. When that occurs, the track would be part of the ranks of Christmas classics like “Jingle Bells” and “We Want You a Merry Christmas,” which might usually be freely shared and tailored.
