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Ticket prices seem so high, yet talent fees are often astronomical. Here's one slide (from a healthy Live Nation presentation stack of 148) that illustrates the math.
Other bits to ponder...
Comments Closed
PartlyCloudy Friday, July 16, 2010
Great stats.
That is a huge artist fee, didn't realize it was so high. How can this be tamed?
John Saturday, July 17, 2010
It doesn't need tamed. Have you looked at what artists get on recording sales? If they don't paid on the road, they ain't gettin' paid.
c Friday, July 16, 2010
20 years ago, ticket fees were commonly around 8% ($1 on a $12-15 show).
Today it's usually around 20-30% ($10-15 on a $30-50 ticket).
I suspect that this is why many fans hate ticketing services now.
Bonzo Sunday, July 18, 2010
OH MY GOD THE TALENT GETS 90%?????!!!!!!
HELL YES!!!! WHo the F___ WROTE THE MUSIC, PERFORMS THE MUSIC, SCHLEPPS FROM TOWN TO TOWN LIVING OUT OF TOUR BUSES AND HOTELS, SACRIFIED EVERYTHING THEY HAD TO TRY AND MAKE IT, ENDURED THE RIDICULE OF FAMILY AND FRIENDS, THE VISCIOUS BARBS OF CRITICS, TO TRY AND ENTERTAIN YOU.... HEEEEELLLLLLLL YES THEY GET 90%!!!!!!!!!!
Besides your statistics here are HIGHLY suspect. They have no sourcing at all except from live nation. Gee what does live nation do. OH RIGHT!!!!!! GOUGE TICKET PRICES!!!!!!!
THATS WHERE 90% OF YOUR TICKET PRICE COMES FROM RIGHT THERE! LIVE NATION!!!!!!!!!!!
"Gerald Casale, a founding member of Devo, recalls that band members only
earned $12,000 each from the new wave group's Freedom of Choice tour,
which grossed $2 million during the group's heyday in 1980 -- and the
take would have been even less if T-shirts hadn't sold well. The group
began touring again in 2004" [source: Billboard].
FIrst of all I'd love to see where you can see a top name act for $55!!!! Try over $100 a ticket!!! Where does the otherr $65 go...... LIVE NATION!!!!!!!!! Secondly 25% of the arena, the best seats, are already sold to special interests before the tickets even go onsale, friends, fmailyh, business associates, powerful people and corporations. Whatever tickets are left go to ticketmaster and other scalpers who somehow end up being able to charge almost twice the face value of the ticket even though it specifically says on the ticket youc ant resell it for more than 10%. SO the rest of the seat go to rich people. Then if you are lucky there are a couple seats in the back you can get for face value, you cant see the band, the sound is all echos, but hey you were at the concert right?
SO DONT TRY AND BLAME THE TALENT FOR TAKING TOO MUCH CUT FROM THE TICKETS!!!!!!!!!!!!!!!!
MedfordTim Sunday, July 18, 2010
I have put on a couple of shows and I'm here to tell you that a promoter is LUCKY if they make a DIME! To all the boo-hoos listed above, add outrageous riders on contracts. Even washed up acts demand things which add 10-15 % to the cost of putting on a show. Entetainment is a "gouge" industry - note movie ticket prices, surcharges for 3D, and the cost of a CD. ALL overpriced as hell.
cb Tuesday, July 20, 2010
the talent does not get 90%. what a joke
Jarred L. Tuesday, July 20, 2010
Uhm, anybody got a calculator? The figures cited above do not add up (except maybe for Live Nation). It's just a lot of B.S. (bold statements).
Has anyone considered the fact that artists are commodities to be traded and bartered by the execs (of labels, studios, arenas, venues, etc)? As for the promoters - it's another pay to play scheme; but on a bigger scale. The talent get 90%? First of all, to believe that is not naivete, it's stupidity. That's like saying the U.S. Military ONLY shoots armed insurgents - and not unarmed journalists and their children. Really?!?!? You wonder how Bernie Madoff made off with a lot of dough? From smart people who think Live Nation sheds a tear about the artists. In case you hadn't noticed, the above "statistics" were designed to be an excuse FOR why LN's gouging out your eyes! What I'd like to see is an actual audit of LN's books.
For those who are into research - try this: Clear Channel (now Live Nation) was started by a bunch of car dealers who bought out hundreds of radio stations - and you can take it from there.
nuff said.
howdy Tuesday, July 20, 2010
Sadly, LiveNation, or Clear Channel, as they were formerly known, created this problem. They overpaid for talent in the live arena so that they could force local promoters out of business by monopolizing the market. Those fees then became the norm.
Clear Channel also did it on the radio side by overpaying for radio stations. This has left them with razor thin profit margins and a business model constantly teetering on the edge of bankruptcy. They're just not very good business-people.
It is nice to see artists taking advantage of the folks on the business side of the equation for once, and it looks like fans are willing (albeit grudgingly) to pay those massive fees for concert tickets. If those prices are what the market will bear then so be it.
I'd like to see a chart showing what percentage of those performance fees actually go into the artist's pocket after the agent's deduction (15-20%), taxes (as high as 50%), etc.
Musician-Carcass Tuesday, July 20, 2010
Please, let's get real! The artist is supposed to give their product (music) away for free and then go out on the road for minimum wage and still be beholden to the mafioso record label, who owns them, and is able to recoup every dime the band makes. What - and give up show business?
ruralgurl Wednesday, July 21, 2010
Certainly any numbers given by the promoter in defense of themselves is suspect. True, if you are a smaller, local promoter putting on a few shows, your take is usually tiny. But let me tell you, the behemoth that is LN is getting paid with a capital P. Irv knows how to make money. Additionally, don't forget who else has to be paid besides the venue, promoter & artist - ALL the musicians and tech & crew, both touring & hired locally as support. Big shows, big crews, lots of people to pay. Just sayin'.
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