Has Beyonce Made Money From Chloe And Halle Bailey After Her Million Dollar Investment In Their Career?

Highlights

• Chlöe and Halle Bailey were signed by Beyoncé to her label, Parkwood Entertainment, with a $1.5 million advancement for six albums.
• Parkwood Entertainment has generated an annual revenue of $12 million, with Beyoncé collecting 15 percent of Chlöe and Halle’s earnings.
• The duo’s music on Spotify has only made between $5.27 to $861,776, not accounting for the percentage that goes to Spotify and the label.

What is it like to be noticed and discovered by the one and only Beyoncé? Many people undoubtedly daydream about catching the attention of Queen Bey — even for a second — especially as an artist trying to get their foot in the music industry. The closest we can get to knowing what it’s like to be an unknown artist catching the attention of Beyoncé is through music duo Chlöe Bailey and Halle Bailey.

Chlöe and Halle Bailey were signed in 2015 to Beyoncé’s label, Parkwood Entertainment. This likely came with a lot of pressure on the shoulders of the then teenagers who signed to the music giant’s label with a $1.5 million advancement for six albums, according to Business Insider.

Many things have changed since the musical duo Chlöe x Halle signed to Parkwood Entertainment, with the most significant change being the duo’s split in order to pursue solo careers in music and acting. So, this begs the question: has Beyoncé received her return on investment from Chlöe x Halle?

How Much Did Beyoncé Make From Investing In Chlöe x Halle?

According to Business Insider, Beyoncé invested up to $1.5 million in sisters Chlöe and Halle Bailey. The duo’s record deal consisted of creating a total of six albums during the duration of their five-year contract, with Beyoncé collecting 15 percent of their earnings.

Parkwood Entertainment Artists:

• Ingrid Burley signed in 2014
• Sophia Beem signed in 2015
• The Carter Family
• Beyoncé

According to Bleu Magazine, Parkwood Entertainment has generated an annual revenue of $12 million, but this figure is contributed by not only Chlöe and Halle Bailey but also other signed artists, including Beyoncé herself.

As of now, the duo has a total of three studio albums, and the earnings of each album have gone unreported, even though they have received numerous accolades, like “Ungodly Hour”s No.1 spot on the US iTunes Sales chart. (It’s been over five years since the duo signed, making their contract agreement of six albums unmet.)

According to Music Gateway, artists who upload their music to Spotify only receive between $0.003 to $0.005 per stream on average while following the 70/30 rule (70 percent goes to the artist while 30 percent goes to Spotify). With this in mind, Chlöe and Halle’s music has only made between $5.27 to $861,776, not taking into account the percentage that goes to Spotify and Parkwood Entertainment.

Chlöe and Halle Bailey only has one song that made it onto the Billboard’s Hot 100. The song “Do It” is from their sophomore album “Ungodly Hour” and charted for a total of 11 weeks with its peak position at 63, according to Billboard.

It’s also unknown how much the duo makes from special appearances or from tours. As of January 2024, the sister duo have only been on a total of three tours (two with Beyoncé during the early stages of their career and one with Chlöe as a solo artist). According to Parade, being the opening act, the pair were estimated to make around $15,000.

With so much information being held in a gray area, it can be only be assumed that Beyoncé isn’t seeing the return on investment that she expected, given the information we do have: low music streams, lack of touring, and shortage of albums.

Why Did Chlöe Bailey And Halle Bailey Stop Making Music Together?

It’s abundantly clear why the two sisters eventually decided to part ways as a duo. Although the two have been joined at the hip ever since they can remember, their interests and career goals began to diverge from each other as Chlöe Bailey became more interested in a solo career alongside producing music and Halle Bailey becoming more focused on her acting career.

As for Halle Bailey, her name has recently been attached to blockbuster films. This includes her breakout role as Ariel in the live action remake of The Little Mermaid alongside her role as Nettie Harris in the remake of The Color Purple. As for Chlöe Bailey, she debuted her solo album “In Pieces” on March 31, 2023 under Parkwood Entertainment.

Chlöe revealed that the separation from her sister was hard, especially when she had to spend months on end in London to film The Little Mermaid. Chlöe expressed to People that her and her sister never spent a large amount of time away from each other.

“Both of us had a lot of separation anxiety. We were attached at the hip ever since she came out the womb. We both didn’t really know who we were individually without the other. There was a moment of self-doubt where I was like, ‘Can I do this without my sister?'”

How Did Chlöe And Halle Bailey Get Discovered?

Back in 2013, a short YouTube video of sisters Chlöe and Halle Bailey found its way into the sacred hands of Beyoncé. The two were singing a cover of Beyoncé’s sixth studio album’s song “Pretty Hurts.” And as they say, the rest was history.

This discovery wasn’t just by happenstance like many people are led to believe, it was already in the making. According to Billboard, Beyoncé crossed paths with Chlöe Bailey in 2003 when she played a young version of Beyoncé’s character in The Fighting Temptations. This serendipitous encounter eventually led to Beyoncé catching wind of Chlöe and her sister’s stunning vocals.

Chlöe Bailey and Halle Bailey were around the ages of 17 and 15 when they uploaded a cover of them to Youtube singing to a Beyoncé song. As of now, the video has over 22 million views.

With time, fans expect to see the sisters double their income for both their sake and Beyoncé’s.