James Dolan Rumors

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The richest touring musician in the world is being called to the stage for a soundcheck. “This,” Jim Dolan tells me before he leaves the dressing room for the rehearsal, “is where I’m happiest.” In a few hours, his band, JD & The Straight Shot, will open for the singer/songwriter Jewel at the Lincoln Theater in Washington, D.C. Dolan’s musical combo is, professionally speaking, his second act. He’s already made more in business than any singer or songwriter ever squeezed out of three chords and the truth.
Money and business connections have enabled Dolan to work with record producers and music teachers whom hungry up-and-comers with shallower pockets could never retain. (But one example: He shares a vocal coach with Axl Rose.) He’s made worse business decisions than starting up a band—he lost a reported $250 million for Cablevision, for example, after trying to rescue electronics chain The Wiz from bankruptcy in 1998—but JD & The Straight Shot isn’t close to being a break-even financial proposition. Shockingly few listeners have purchased records: A recent report from industry stats keeper Soundscan showed only 113 units of Ballyhoo had been sold since its January release.