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Sessions: As the Day Two roundtables gain in popularity, we've been fortunate to assemble a diverse group of industry experts to lead discussions in important subjects that lend themselves to group participation. This year's 10 roundtables were divided into three rooms for two sessions each and, as in years past, provided ample opportunity for those with mic fright to speak out more comfortably. And there was something for everybody - from the concert industry neophyte to the grizzled veteran, there was a roundtable discussion to suit a wide range of professionals seeking answers to prickly problems.
Essig opened his discussion with a mention of newcomer Taylor Swift, whom he said we would all be very familiar with soon. Her MySpace page has already amassed 9 million hits, and 6-year-olds want Taylor to play their birthday parties. The message: Country music has never been this big among the younger crowd, and that's thanks to its online presence. Essig said his philosophy is to work very hard to advance the career of an artist, and to sign those who will be headlining eventually; it's not just about booking for commissions, he said. The best deal is the one that makes the most money for everyone, not just the agent. But what's "the best deal" isn't something that's universally agreed on. John Valentino of Fantasma Productions told Essig he doesn't understand why he should have to cover meet-and-greets, which require insurance. Promoter Glenn Smith weighed in, saying he was sued for something that happened backstage and that everyone needs to be looking out for each other when it comes to these type of events. Ultimately, Essig said, it's important for everyone to have strong relationships to ensure everyone gets a good deal.
One of the most important things to learn, Hubbard explained, is how to pass on bands that you can't afford. "If you don't have it, don't do it," she said. Hubbard also gave the newbies a taste of the profit break-down, throwing out a few examples of percentage splits. The two also provided a look into the future of venues, and said that 6,000-seaters will be the way to go in coming years.
Bowen used an arbitrary country act for an example:
Say the act was booked two years out and then, as the date draws near,
the venue puts a Hank Williams Jr. / John Mellencamp show on sale a couple
weeks near the date. The conference call comes in from the first act's
agency, claiming breach of contract.
They explained that the IRS has a little-known tax law that frees up capital for promoters and venues at the start of a tour (promoters traditionally deduct these touring costs before the launch). And if the artist leaves the country and the promoter is not aware of the tax law, guess who's left holding the bill?
Marketing departments can monitor the "open rate" of the cards, thereby assessing how successful the cards are. And, as RCA Records artist develop-ment exec Stuart Goldberg pointed out to the crowd, his company (and competitors, too, probably) has the artwork and tools for the e-cards available on RCA's Web site free of charge. Daren Libonati of the Thomas & Mack Center in Las Vegas facilitated a group called "Entirely New Revenue Streams for Venues." He was an apt choice; though he has not discovered a new revenue stream, he has adopted a revenue stream normal-ly handed over to outside companies: Ticketing. Libonati was amused by Ticket-master's elevated presence at the CIC. After partnering with Paciolan and taking back control of his ticket inventory, Libonati claims he discovered what could be possibly be the greatest new revenue stream for venues - the auction. Revenues went from $350,000 to $1 million within one year, he said. "They want you to believe that you can't do your own ticketing," he told the table. "It's a Jedi mind trick. `These are not the droids you're looking for.' It's not true. You can do ticketing entirely in house and I'm going to show you how."
Red Rocks Amphitheatre has been successful because it's a brand and a destination in and of itself. The shed's success has hinged on marketing as a tourist attraction through various efforts, including the sales of a coffee-table book about the history of the venue and a forthcoming collection of live CDs that will be sold through Starbucks. By creating a brand awareness of your venue, Dyce said, you create a feeling and a buzz, with increased ticket sales as the end result.
According to Garber, networking is the key and Live Nation and AEG don't have to be the enemy - and they can help you as much as you can help them. It's a good idea to be present whenever possible at far-away events, which can help make sure you are established with the people you're depending on.
It can be hard to know where to start with private parties, especially when it comes to issues like insurance, but he said to just be sure to bring in someone who does know. Corporate events used to be seen as the end of the line for artists, Janese said, but now sometimes can be used to effectively subsidize tours. Artists need to know they have to make it happen, he said.
Biodiesel is a popular green effort but, as the panelists pointed out, there's also carbon dioxide offsetting, recycling, organic cotton merchandise and organic food for FOH and backstage. Stage lighting is still an issue but compact flourescents
are encouraged for the backstage.
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