schlonginski wrote: ↑Mon Dec 19, 2022 8:24 am
WOLF wrote: ↑Mon Dec 19, 2022 7:46 am
schlonginski wrote: ↑Sun Dec 18, 2022 7:58 am
$18.95
As I was trying to tell the CEO the other day, Bert must be stupid to go out on a Groupon tour when he could have done something bigger with Poison.
Stevie’s correct… otherwise there would be more Poison tours, and less Bret tours.
Bret’s guarantee is not that much less than Poison’s. However, with his own band, he’s paying everyone a salary that is less than what the other members of Poison would take splitting their guarantee. There’s also more expenses associated with a Poison tour, versus the “plug in and play” nature of a Bret tour. Bret is building his brand and probably individually taking home more than he would as a member of Poison.
Bret’s no dummy. He can get his ego stroked on a stadium tour type of bill every few years, and take home more money doing his own thing in off years. Groupon, etc. doesn’t impact Bret… he gets paid the same… it’s just a strategy by Live Nation to put asses in seats and sell other things (parking, merch, food and beverage).
What's his cut of the $18.95 Groupon ticket after costs and splitting with all of the bands?
LiveNation often pays a flat fee for the entire tour which includes merch rights etc if the bands don't already have their own merch company which is probably owned by LiveNation at this point. The infrastructure is already provided and that could even include trucks and buses which may be owned by LN. So often times all the band has to do is show up and play.
Sometimes it's better to keep their sheds open and have staff to fill them even with low profit / low margin events. At this point even staff is valuable as people are job hopping and leaving low paying jobs in droves now though not really sure how LN has been affected.
Keep in mind 20 years ago at least concession per capita for a regular show was like $10 and with something like Ozzfest upwards of $20 and it's definitely a lot more now. So the LiveNation owned sheds might make $75,000 or so even if the show is free. Do they still they still contract to an outside Aramark like company or did they start their own beverage services company?
Jefferson Starship, a once legendary and amazing band is now bottom of the barrel and might even command a lower fee than some of the more popular cover bands around here. Paul Kantner's estate might even be taking the lion's share and paying out salaries too.
A guarantee often looks like this, at least in the days before LiveNation market dominance - 1 million for the 10,000 tickets and 80% of tickets over that number, etc etc but really who knows what they look like now.
"I went and saw Chickenfoot twice. I've suffered for being Sammy's friend" - Bob Forrest
