Live Event Finances

Live event management is what my passion is and I realize that there are many factors that go into the finances of getting a live show going. Personally I have worked on several live events and love it. I have also found out that there are many artists and or performers that will not perform if there are financial issues. The first thing that many people over look for a live event show is paying the artist. There are a few schools of thought on this subject. The first being, that the band should take a pull from the door and the bar after the expenses of the show are paid for. The second being that the band should only get money for the tickets that they sell. I would rather, with large acts, get paid through the bar and door pull because generally at live events people like to have a few beers and get a little loose so the party can be more fun. This means that for me and the artist there will be more profit to be made.

            Another very large financial issue for live events is the fact that the venue has to be paid for, that and all of the equipment. In my case, I will be owning the venue and the equipment so the only thing I would have to worry about, after initial payment, would be up keep, which is generally cheaper, depending on the problem.

            The final issue would be the people needing and wanting that great luxury that is associated with many large scale venues. I would need to provide sky boxes and nice suites so deep-pocketed patrons could come and enjoy the show in their own style

            After seeing how many financial decisions and responsibilities are put into making a live venue run smoothly, I am very glad that I can learn about finances from this class.