Lance Bass, former member of the iconic boy band NSYNC, has recently revealed that he made “way more” money after the group disbanded. In an interview with Sirius XM’s The Jess Cagle Show, Bass confessed that he was not as rich during his time with NSYNC due to mismanagement of finances by the band’s founder. However, after the group parted ways, Bass’s personal finances saw a significant improvement.
The admission from Bass has caused quite a stir amongst NSYNC fans and music industry experts. It has sparked discussions about the financial management of boy bands and the challenges that members face when trying to navigate the business side of the music industry.
Bass’s revelation is not the first time that issues around the financial management of boy bands have come to light. In the late 90s and early 2000s, there were several high-profile cases where boy band members were taken advantage of financially. Unfortunately, these issues are still present in the music industry today.
One of the main reasons for financial mismanagement in boy bands is the lack of knowledge and experience that members have about the business side of the industry. Many members are young and are focused on their music and performances, leaving the business side of things to managers and other industry professionals. While this approach can work in some cases, it can also lead to problems if those professionals do not act in the best interest of the band members.
Another challenge that boy bands face is the pressure to maintain their success. Many boy bands have a short shelf life, and members may feel the need to make as much money as possible while they can. This can lead to poor financial decisions and puts them at risk for being taken advantage of.
In conclusion, Lance Bass’s admission about making more money after NSYNC’s breakup shines a light on the ongoing issue of financial mismanagement in boy bands. While the entertainment industry has made strides in protecting artists’ financial interests, there is still much work to be done. Boy bands and their members must be vigilant and educated about the business side of the industry to avoid being taken advantage of financially.