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New Kids on the Block and 4 Other Boy Bands That Made a Financial Comeback

Boy Bands

Fond memories of the late-’80s and ’90s boy band craze are coming back full force almost 20 years later, as these pop artists are making their way back to the concert stage and music shelves. The long-awaited New Kids on the Block album, called “10,” was released to fans’ delight in 2013. And Tuesday, the band announced that it would be heading to the stage this summer in The Main Event tour, alongside other musical blasts-from-the-past TLC and Nelly.

The first show of “The Main Event Tour”  is May 1 in Las Vegas, and will continue through the summer with stops in over 30 cities throughout the United States, reports Yahoo Music, and tickets go on sale Jan. 31 through LiveNation.com.

With a new tour and a still-loyal fan base, New Kids on the Block is proving that boy bands still have what their fans want. There’s no denying that boy bands that were once known for a woeful moment in time are now padding their savings accounts with sold-out venues and the nostalgia of a revitalized adolescence.

1. New Kids on the Block

The New Kids on the Block (NKOTB) enjoyed peak success in the early ’90s with hits such as “You Got It (The Right Stuff)” and many more that topped the charts. According to the Chicago Tribune, New Kids on the Block sold 80 million records worldwide in their first round of stardom. Since the group disbanded in 1994, its members have been quite busy.

In 2011, New Kids on the Block toured along with fellow boy band the Backstreet Boys after releasing its album, “The Block.” The tour alone made it into Pollstar’s Top 50 Worldwide Tours list in 2011 with an estimated gross of $16.7 million.

The group is bringing its moves to the stage once again for The Main Event Tour in the summer of 2015, with tour dates starting May 1.

Related: Taylor Swift Abandons Spotify, Misses Out on $6 Million

2. New Edition

New Edition, the debated first American boy band to ever make their claim to fame, faced numerous challenges when it comes to longevity. After its early hits, “Cool It Now” and “Candy Girl,” one of the group’s most famous members, Bobby Brown, separated from New Edition in order to pursue his solo career.

According to celebrity financial tracker site, Rich But Broke, Bobby Brown’s net worth was approximately $4,692,070 as of May 2012 despite missing a handful of tour dates due to the passing of ex-wife Whitney Houston. Bobby Brown’s net worth is even less today, currently estimated at $2 million by CelebrityNetWorth.

The band has been touring since, wrapping up its most recent tour over the summer of 2014.

3. 98 Degrees

After a six-year hiatus from recording music, 98 Degrees came back with a vengeance as its comeback album titled “2.0” hit shelves in May 2013. While the 98 Degrees revival is a clear step forward for the entire crew financially, brothers Drew Lachey and Nick Lachey don’t necessarily need to resuscitate their savings accounts with a jolt of cash.

As recording was put on pause, each of the Lacheys had his own side projects taking place. For Drew, that was winning season two of “Dancing with the Stars,” which raked in an estimated $345,000 for that season alone, bringing Drew’s net worth to a sizable $6.5 million, according to CelebrityNetWorth.

His brother, Nick Lachey, starred with now ex-wife Jessica Simpson in MTV’s reality series “Newlyweds: Nick and Jessica” for three seasons and has worked on building a solo music career with little success, yet still boasts a wealth of $20 million as reported by CelebrityNetWorth.

The Lachey brothers also recently started a new business venture, opening a sports bar named Lachey’s in their hometown of Cincinnati. This will provide an additional source of income for the brothers.

4. Backstreet Boys

Once the fire behind boy band hits like New Kids on the Block and New Edition began to wane, the Backstreet Boys grabbed the media and the tween-age market with its revamped boy band formula.

During the group’s peak popularity, it re-signed with Jive Records for a reported $60 million record deal that promised a royalty rate of 20 percent. While their careers aren’t quite where they were in the late 90s, the band members are still making a killing when it comes to their bank account balances. Shows like their NKOTBSB tour, along with their sold out 2013 concert cruise, have given this boy band traction into even more years of success.

In a March 2012 article, Joe Levy of The New York Times shared the financial benefits such a musical cruise can yield, “The money is good — a headliner of Kid Rock’s stature can earn more than $1 million.”

Not only were the boys (now men) able to earn and stash more money in the bank through the concert cruise, they were also better able to connect on a more intimate level with their most loyal fans.

The Backstreet Boys have a documentary about their years together, “Show ‘Em What You’re Made Of,” releasing Jan. 30, 2015.

5. Boyz II Men

Speaking of boys transitioning into men, the ’90s was not solely exclusive to boy band pop music sets, and the list of New Kids on the Block-level comebacks could not be complete without the leading R&B and soul group of the ’90s, Boyz II Men.

The group’s musical acclaim led it to create record-breaking feats on the Billboard charts, and it was one of the few elite musical artists to have beat its own Billboard ranking, with the hit single “On Bended Knee,” beating out long-standing No. 1 single, “I’ll Make Love to You” on the charts for six consecutive weeks.

Boyz II Men officially signed with The Mirage Resort in Las Vegas for a residency in 2013, according to the Las Vegas Sun, which preserved an incoming flow of earnings into each members’ bank account, which is still running.

With the continued frenzy over the freshest boy bands in the music scene, including One Direction and The Wanted, now is apparently as good of a time as any for New Kids on the Block and other pop legends to step into the spotlight once again to revive their finances.

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  • Christina Lavingia

    I was never much of a boy band fan, but compared to new artists out there I’d rather see these bands and listen to their music. It’s a real throwback and people still love their hits, showing the longevity of their music compared to contemporary artists.

  • C to the N

    I will definitely be tuning in to that BSB documentary. Backstreet’s Back, Alright!

  • http://www.linkedin.com/in/morganmariequinn/ Morgan

    This article makes we want to bust out my old NKOTB pillow case. Jordan for ever!!!!!

  • Michelle

    N*SYNC all the way! Now if only someone could pay Justin enough money to do a worldwide reunion tour. THAT would be epic.

    • C to the N

      100% Agree!