As long as Seb has touched on the subject, here's some info from the actual
Wikipedia:
Quote:
Tour promoters (also known as concert promoters or talent buyers) are the individuals or companies responsible for organizing a live concert tour or special event performance. The tour promoter makes an offer of employment to a particular artist, usually through the artist’s agent or music manager. The promoter and agent then negotiate the live performance contract...(T)he promoter must have upfront cash or sponsorship financing to...assume all the financial risk in putting on a show...
Included among the tour promoter’s various job responsibilities are: (1) obtaining venue, concert hall, entertainment centre, theater, nightclub or arena bookings; (2) pricing the event or tour; and (3) providing air, sea or land transportation (optional)...(T)he promoter must also have upfront cash and or sponsorship financing to pay for advertising the tours...Such advertising costs...commonly include television and radio advertisements, posters, newspaper and magazine adverts, online marketing, and so on...
The rise of large corporation mega-promoters over the past ten years has made it much more difficult...to break into the industry. Live Nation (previously known as Clear Channel Entertainment) is the number one concert promoter in the world...Anschutz Entertainment Group (AEG Live)...(is) ranked second...
(The promoter's) compensation...depends on how successful (he) is at negotiating with vendors and creating sold-out shows...
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P.S: Not having funds for a big production has zero to do with a production
looking as though it was produced with zero funds!
