Tour costs
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Tour Costs PowerPoint PPT Presentation


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Tour Costs. Business of Music Mrs. Deady. Why Tour?. Excellent means to promote an artist’s album, But, for most new artists the costs of touring exceed the income derived from the engagement.

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Tour Costs

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Tour costs

Tour Costs

Business of Music

Mrs. Deady


Why tour

Why Tour?

  • Excellent means to promote an artist’s album,

  • But, for most new artists the costs of touring exceed the income derived from the engagement.

  • The development of video as a promotional tool has reduced the importance of conventional tour support.


Gross receipts

Gross receipts

  • Money earned from ticket sales

  • You need to get accurate accounting of the number of seats sold, even if it means using a clicker for “festival” dates.


Expenses

Expenses

  • Be aware: some are passed along by promoters while they keep any rebates or discounts they receive from ticket sales or radio stations


Typical expenses

Typical Expenses

  • Advertising – can be a cross-promotion for a current album.

  • Rent for the facility

  • Personnel – box office, cleanup, ushers, ticket takers, doormen

  • Rental of equipment – public address system, lights, pianos, etc.

  • Insurance


Typical expenses cont d

Typical Expenses, cont’d

  • Security and crowd safety

  • Stage crew

  • Ground and air transportation for the artist and entourage

  • Catering for artist and crew

  • Public-performance license for the music

  • Medical

  • Merchandising


Accounting formula

Accounting Formula

  • Receipts less Expenses =

  • Net Profit or Loss


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