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by brentm
1339 days ago
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A typical artist deal with a promoter would include an 85% (artist) / 15% split of profit after a pre-negotiated split point which covers the costs of producing & marketing a show for the promoter. I've never seen a full LiveNation tour agreement and perhaps they could have bought out Blink for each show with a different style deal but I'd be surprised if that still didn't include some upside for dynamic pricing otherwise why would the artist ever agree to do it? Everyone knows $600 tickets aren't exactly popular but this is a business and if that's what they're going for a secondaries anyway it's better for the artist to collect the cash in my opinion. |
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Why use Live Nation? As Pearl Jam has taught us: Artists are limited by venues and venues are either owned or have a deal with live nation. Not going through ticketmaster/live nation means not playing the Gardens in New York or most other large venues where you will have to settle for a warehouse in Jersey instead. A huge monopoly exists that requires an uber like attack on the industry or government intervention.