Chapter 16 Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Start Thinking Brainstorm all the factors you believe contribute to a successful, well-planned concert. Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Chapter Goals Gain awareness of alternative ways concerts may be sponsored, financed. Learn realistic concert budgeting. Acquire understanding of how contracts may be negotiated with artists, talent agents, venue managers, and service companies. Discover effective concert promotion techniques. Learn production planning and methods of back-timing. Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Concert Production Live music leaves a vast economic footprint Boosts record sales Increases demand for merchandise Three key players in the concert promotion industry:  the event promoter  the artist’s manager  the tour-booking agent Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Concert Promotion National promoters  coordinate tours  need local promoters  negotiate share of net receipts Local promoters  recommend venues, seating arrangements, promotional tie- ins Key responsibilities of promoters Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Getting Started Competitive pressures have led to consolidation in the concert promotion industry Still room for small start-up promotion ventures  Some book acts of their own before established promoters take an interest in them  Others serve on their college campus’s entertainment committee  Others put together performances to raise funds for a charity or other organization in need Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Getting Started The Cost of Doing Business Initial investment of cash is required Promoters need cash to cover their expenses before the first ticket may be sold There may be fees associated with establishing a concert promotion company Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Booking the Artist Finding the Artist Promoters responsible for booking the full lineup of artists  opening acts should be suitable for the headliner’s audience  should not overshadow the main talent Contracts spell out how headliners and opening acts are presented in advertising and promotion materials “Promoter of record” Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Making an Offer The agent  who represents whom?  preliminaries o what are artists’ fees and available dates? o what are possible venues? o what does the venue offer? o what is the venue’s potential? The offer Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

The Art of the Deal Negotiating artists’ fees  split point  deal point Potential versus reality  net potential = gross potential – unsold/free tickets  written agreements Control sheets  see Table 16.2 on page 278 of textbook for an example of how to back-time tasks Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Contracts Face page Technical rider  deal breaker  finer points open to negotiation Sometimes rider requirements that can kill a deal The finer points of the rider can be negotiated and may depend on several factors Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Marketing Online and mobile  artist and venue websites  online ticket sales  ads on third-party websites Radio and television  television advertising can be used to reach a broad audience  radio is cheaper, with a narrower demographic focus, a combination that often makes the medium a good advertising vehicle Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Marketing Direct mail and  mailing lists tend to be small  syndicated print mailing lists include thousands or tens of thousands of consumers  no postage and paper costs with , but consumers are weary of promotional barrages Print media  include newspapers and magazines  the main print buy is the “alternative” print media of free weekly newspapers Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Advertising Production More and more, artists themselves control production of the commercials and print advertising Ad mat Nationally touring acts typically employ one set of advertising materials that can be used for all their concerts with minor customizing for a local venue and date Professional production companies typically produce higher quality commercials Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Publicity and Public Relations Non-paid marketing function includes:  issuing press releases  providing news outlets with video and audio clips  generating favorable news coverage by making artists available for press interviews Postering/street teams  placing posters in prominent locations with heavy foot traffic  temporary hires wearing identical clothing placing posters and passing out fliers Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

Sponsorships Record company sponsorships Local radio station sponsorships Venue and corporate sponsorships College sponsorships Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

The Future of Live “Live” events transmitted as cable pay-per-view, to movie theaters via closed circuit, or via online video 3D hologram performances Electronic substitutes will never take the place of live artists Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners

For Further Thought What is a split point and how does it affect a promoter? 2. What possible complications could arise from venue or corporate sponsorships? 3. What are a promoter’s options for filling up a venue when ticket sales are weak? Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners