Sunday, August 10, 2014

Show Me the (Other) Money

With a decline in record sales, record labels and labels have had to explore different ways to monetize talent. Concerts and festivals are one way that artists are able to engage their fans and earn revenue for the record label.  Then new wave of 360 degree record deals allows artists and labels to share revenue from multiple sources such as merchandise sales, publishing, record sales and touring.  Labels are increasingly encouraging artists to tour and join festivals that are popping up and reporting record successes.


Fans are appreciating that their favorite artists are actively touring.  The world’s largest promoter, ticketing company and management firm, Live Nation Entertainment, reported that attendance at live shows was up 11 percent in 2013. The company also reported an increase in cash flow generated from operations, citing fan willingness to pay higher prices for reserved seats at indoor venues during the festival off-season. As record sales are expected to continue to decrease due to streaming services, its a safe bet that more of your favorite artists will tour in the near future.


Inside a 360-Degree Deal. (2007). Rolling Stone, (1040), 14.

Waddell, R. (2014). Live Nation’s Sweet Spring. Billboard, 126(16), 10.

No comments:

Post a Comment