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Music Business Essentials




LIVE EVENT
& CONCERT PROMOTION




                            © 2006 musicbizclasses.com
Live Performance Intro
• The Live Performance Business includes:
   – Club gigs
   – Festivals, Fairs
   – Charity Events
   – Corporate National Meetings
   – Live Concerts & Tours
   – College campus events

• The Key Players are:
   – The Artist
   – The Booking Agent
   – The Talent Buyer
   – The Promoter
                                            © 2006 musicbizclasses.com
The Artist & Live Performance
•New artists: Self-booking
    – Send Press Kit with demo to local venue
      booking managers
    – Paid on a percentage of door or per draw
    – “Pay to Play”


•Established artists: Hire a dedicated
 talent or booking agent to:
    – Work with promoters to book venues
    – Plan overall tour strategy & budget
    – Price tickets
    – Negotiate contracts
    – Commission approx. 10%
                                                 © 2006 musicbizclasses.com
The Talent Buyer
What a Talent Buyer does:
• Works as an employee of a venue or as
  a contract employee to several venues

• Finds, develops and books talent exclusively
  for the venue or venues for which they work

• Assumes no or very little financial risk
  in presenting live events

• Talent buyers generally specialize in genres,
  venues, or markets
      –Usually Regional, Local, or College

                                                  © 2006 musicbizclasses.com
The Promoter
What a promoter does:
• assumes full responsibility for all financial
  and operational aspects of throwing a
  live event

• Take on 100% risk for success of a concert,
  tour and/or venue

• Works with all genres and event types-
  music, sports, family entertainment

• 2 Types of Promoters:
   – Independent Promoters
   – Venue Owners


                                                  © 2006 musicbizclasses.com
The Promoter
What a promoter does:
• Develops the complete vision for the event
  or series of events
• Puts together the business plan
• Raises the funds
• Rents, manages or owns the facility
• Books all the talent/events for a specific
  venue or live performance series
• Negotiates all contracts- talent, merchandising,
  rental, support team, etc.
• Develops Marketing and Promotions plan
• Sell tickets
• Manages or hires management team for on-site
  /day of event(s)


                                                     © 2006 musicbizclasses.com
National Promoters


Live Nation (spun off from Clear Channel)

AEG Worldwide

House of Blues

PromoWest Promotions


                                            © 2006 musicbizclasses.com
The Agent
• Promoters and Artists usually work
  through a “booking” or “talent agent”
  or a “middle agent”
  (if you are an unknown promoter).

Top agents include:
• William Morris
• Creative Artists Agency (CAA)
• International Creative Management (ICM)
• Monterey Peninsula Artists/Paradigm

• Booking Agents will negotiate deal
  on behalf of artist (client) with
  promoter
                                            © 2006 musicbizclasses.com
Promoter & Agent:
 Sample Deal Points
• Typical Negotiations between a
  Promoter and the Booking agent
  (representing an artist) for live music
  events include:

• Artist fees- guaranteed fee plus
  % of ticket sales
• Billing
• Available dates
• Venue
• Event personnel- stage manager, crew,
  box office, merchandising
• Split Point
• Rider- additional requests for artists    © 2006 musicbizclasses.com
Promoter Deals
In addition to the artist agreement,
the promoter must also sign contracts
with:

•Venue Management
•Lighting and Sound companies
•Insurance companies
•Transportation
•Catering
•Merchandising
•Ticketing company

•Plus: Police and Fire Departments require
agreements regarding safety and security
regulations
                                             © 2006 musicbizclasses.com
Generating Revenue
    It is the promoters responsibility generate
    revenue for events via:
       – Tickets sales
       – Sponsorship sales

Promotional avenues include:
• Advertising- paid spots in Magazines,
  Newspapers, Radio & TV
• Publicity/PR- free placements in all media
  via interviews, reviews, video clips

•   Sponsorships include:
•   Record Company
•   Radio Stations
•   Arena Sponsorships
•   Corporate Sponsors
•   College Sponsors                              © 2006 musicbizclasses.com
Getting started…

• Volunteer to help on fundraising
  concerts or events

• Help book campus events- via Student Life
  Office

• Work for local promoters

• Work or intern at major venues;
  work or intern at a talent agency



                                              © 2006 musicbizclasses.com
Getting started…

• Develop your own niche with a group
  of artists you are helping develop and promote

• Organize an annual local event

• Work or intern as an in-house talent buyer
  at a smaller venue

• Approach a smaller venue for
  “exclusive” booking rights


                                           © 2006 musicbizclasses.com
Resources for Promoters

• Billboard & Billboard.biz
  (Industry News- Touring)

• Radio & Records

• Pollstar.com

• NACA.org

• Conferences:
   – Billboard Touring Conference



                                    © 2006 musicbizclasses.com
For Educational Use Only


    This slide presentation is part
of the Music Business Essentials series.



          Contact
 info@musicbizclasses.com
    for more information

                                           © 2006 musicbizclasses.com

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MUC109 LEC 11. Live Event Promotion

  • 1. Music Business Essentials LIVE EVENT & CONCERT PROMOTION © 2006 musicbizclasses.com
  • 2. Live Performance Intro • The Live Performance Business includes: – Club gigs – Festivals, Fairs – Charity Events – Corporate National Meetings – Live Concerts & Tours – College campus events • The Key Players are: – The Artist – The Booking Agent – The Talent Buyer – The Promoter © 2006 musicbizclasses.com
  • 3. The Artist & Live Performance •New artists: Self-booking – Send Press Kit with demo to local venue booking managers – Paid on a percentage of door or per draw – “Pay to Play” •Established artists: Hire a dedicated talent or booking agent to: – Work with promoters to book venues – Plan overall tour strategy & budget – Price tickets – Negotiate contracts – Commission approx. 10% © 2006 musicbizclasses.com
  • 4. The Talent Buyer What a Talent Buyer does: • Works as an employee of a venue or as a contract employee to several venues • Finds, develops and books talent exclusively for the venue or venues for which they work • Assumes no or very little financial risk in presenting live events • Talent buyers generally specialize in genres, venues, or markets –Usually Regional, Local, or College © 2006 musicbizclasses.com
  • 5. The Promoter What a promoter does: • assumes full responsibility for all financial and operational aspects of throwing a live event • Take on 100% risk for success of a concert, tour and/or venue • Works with all genres and event types- music, sports, family entertainment • 2 Types of Promoters: – Independent Promoters – Venue Owners © 2006 musicbizclasses.com
  • 6. The Promoter What a promoter does: • Develops the complete vision for the event or series of events • Puts together the business plan • Raises the funds • Rents, manages or owns the facility • Books all the talent/events for a specific venue or live performance series • Negotiates all contracts- talent, merchandising, rental, support team, etc. • Develops Marketing and Promotions plan • Sell tickets • Manages or hires management team for on-site /day of event(s) © 2006 musicbizclasses.com
  • 7. National Promoters Live Nation (spun off from Clear Channel) AEG Worldwide House of Blues PromoWest Promotions © 2006 musicbizclasses.com
  • 8. The Agent • Promoters and Artists usually work through a “booking” or “talent agent” or a “middle agent” (if you are an unknown promoter). Top agents include: • William Morris • Creative Artists Agency (CAA) • International Creative Management (ICM) • Monterey Peninsula Artists/Paradigm • Booking Agents will negotiate deal on behalf of artist (client) with promoter © 2006 musicbizclasses.com
  • 9. Promoter & Agent: Sample Deal Points • Typical Negotiations between a Promoter and the Booking agent (representing an artist) for live music events include: • Artist fees- guaranteed fee plus % of ticket sales • Billing • Available dates • Venue • Event personnel- stage manager, crew, box office, merchandising • Split Point • Rider- additional requests for artists © 2006 musicbizclasses.com
  • 10. Promoter Deals In addition to the artist agreement, the promoter must also sign contracts with: •Venue Management •Lighting and Sound companies •Insurance companies •Transportation •Catering •Merchandising •Ticketing company •Plus: Police and Fire Departments require agreements regarding safety and security regulations © 2006 musicbizclasses.com
  • 11. Generating Revenue It is the promoters responsibility generate revenue for events via: – Tickets sales – Sponsorship sales Promotional avenues include: • Advertising- paid spots in Magazines, Newspapers, Radio & TV • Publicity/PR- free placements in all media via interviews, reviews, video clips • Sponsorships include: • Record Company • Radio Stations • Arena Sponsorships • Corporate Sponsors • College Sponsors © 2006 musicbizclasses.com
  • 12. Getting started… • Volunteer to help on fundraising concerts or events • Help book campus events- via Student Life Office • Work for local promoters • Work or intern at major venues; work or intern at a talent agency © 2006 musicbizclasses.com
  • 13. Getting started… • Develop your own niche with a group of artists you are helping develop and promote • Organize an annual local event • Work or intern as an in-house talent buyer at a smaller venue • Approach a smaller venue for “exclusive” booking rights © 2006 musicbizclasses.com
  • 14. Resources for Promoters • Billboard & Billboard.biz (Industry News- Touring) • Radio & Records • Pollstar.com • NACA.org • Conferences: – Billboard Touring Conference © 2006 musicbizclasses.com
  • 15. For Educational Use Only This slide presentation is part of the Music Business Essentials series. Contact info@musicbizclasses.com for more information © 2006 musicbizclasses.com