Largest concerts ever

The idea behind being a live venue owner is trying to make as much money as you can, while still maintaining your integrity. Now one way to make a ton of money is to sell out the venue every night. If the venue is sold out every night and lets say it holds two thousand people, well the average show that I have been to has been anywhere from ten to fifteen dollars. This means that that venue alone on ticket sales would bring in anywhere from twenty thousand dollars to thirty thousand dollars. That is a good chunk of change for any venue owner to get every night they have a show. So this got me thinking, “how much money did the largest show in history make if the tickets were at an average of ten dollars a ticket?”

            Well we could not just start with the largest show in history so we will go with the top four. The forth largest show in history is: the Monsters of Rock show which had Metallica, Pantera, The Black Crowes and headlining was AC/DC. The total number of people at the show was 1.6 million which means at ten dollars a ticket, which I am sure they were much more, that company made sixteen million dollars for just one large show.

            The third and second largest show in history were performed by Jean Michel Jarre, who is a large name in France. The show was put on by MTV France, so I would assume there was a huge following. The third and second largest show in history was a live MTV event. The third largest had 2.5 million people in attendance and the second largest had 3.5 million in attendance; which means that the concerts took in two hundred and fifty million dollars, and three hundred and fifty million dollars respectively.

            The largest show in the history of mankind was by the artist Rod Stewart, which had 4.2 million people in attendance, which if you ask me is ridiculous, but at an average of ten dollars a ticket those venue owners pulled in a whopping four hundred and twenty million dollars. That is amazing.

            There is a ton of money out in this industry and I can’t wait to start making some for myself.

Finance and Artists Riders

One of the major things that involves finance that a live venue owner has to know about in order to run a great business is that there will sometimes be exuberant costs to get certain artists to come out and perform. There are many websites that have artists riders and some of the crazy things the superstars would like in their dressing room and backstage in order for them to perform. The first place I checked out to find some of these wacky riders are Thesmokinggun.com. to be able to get T.I, a famous rapper, to come out to your show you must have 11 flights booked, 2 first class, and 9 coach, for him and his crew to be flown out, the venue/ promoter must also have  their hotels booked which are 8 rooms. 2 of which are suites and 2 are double rooms. This adds up just rounding off the 2 cross country trips for first class are probably 1000 dollars a piece and the 9 others are probably around 500 dollars a piece. Then depending on the suites for the hotel rooms they could run anywhere from 1000-1500 dollars a night and about 300 per individual double room. So just adding those numbers up we would need just about 10,000 dollars just to be able to accommodate and fly out T.I.’s touring group.

This does not mention anything about what the artist needs for the day of show, or even what he needs backstage before, during, and after he plays. To have T.I. come out to play the artist asks for a total of around 20,000 dollars to even show up to play.

            Keeping this in mind, I would try to make it easier by having my stuff ready and having a personal artist manager for any touring group that comes through. And I will realize that they may be expensive to have for the show, but are worth it in the end.