Part 5: Live Music. Chapter 16 Start Thinking... Brainstorm all the factors you believe contribute to a successful, well-planned concert.

Slides:



Advertisements
Similar presentations
INTEGRATED MARKETING COMMUNI- CATIONS AND DIRECT MARKETING C HAPTER.
Advertisements

Unit 6 Promotion Chapter 17 Promotional Concepts and Strategies
Promotional Concepts and Strategies
Students will discover the importance and elements used in developing a PROMOTION MIX to market sports businesses.
Chapter 28 Promotion and Place Name 12 SAM.
SEM CAREERS IN SPORTS AND EVENT MARKETING EVENT MARKETING.
Multi-Media and Cross-Platform Integration Chapter 13.
Traditional, Indie, 360 Versus DIY Artists, Labels and Contracts.
UNIT 6.1 Advertising Media
Chapter 16 Music Business Handbook and Career Guide, 10th Ed. © 2013 Sherwood Publishing Partners.
18 Managing Mass Communications
Marketing in Uncertain Economic Climates  Effective Budgeting  Maximization of Your Marketing Dollar  Creating Effective Campaigns  Increasing Revenues.
Promotion.  Promotion is used to let the consumer know about the product, to persuade the customer to buy the product, or to remind the customer about.
Live Performances and Events Chapter 11. Touring Productions Revenue-generator for low-profit shows Selling off - secure dates with local promoters Four.
Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall i t ’s good and good for you Chapter Fifteen Advertising and Public Relations.
Think and Answer Now: Would you think twice about buying this product after viewing this advertisement? Read the Main Idea on slide 3 Objective: Advertising.
Chapter 17 Promotional Concepts & Strategies Section 17
Marketing Music and Theater Chapter 8.3. Today’s Music  The media used for recording and playing back music and the channels of distribution continue.
Types of Entertainment Products Media Product Marketing 2.
FEMIFEST SPONSORSHIP OPPORTUNITIES FOR FEMIFEST MUSIC FESTIVAL.
SEM A - Professional Development
 Advertising department in a company  The main business is not advertising. (part of business)
Promotional Concepts & Strategies
SEM A - Professional Development PE - Acquire information about the Sport & Event Industry to aid in Career Choices PI – Explain career opportunities.
WF SEM A - Professional Development Acquire information about the Sport & Event Industry to aid in Career Choices Explain career opportunities in.
WHAT IS THE MUSIC INDUSTRY? MUSIC INDUSTRY DEFINITION – A BUSINESS MAINLY SPLIT INTO FOUR PARTS INCLUDING:RECORDING OF THE MUSIC, SONG WRITING, PUBLISHING,
Chapter 10 Advertising and Promotion Copyright ©2009 Pearson Education, Inc. Publishing as Prentice Hall 1 Creative Use of Advertising and Promotion.
Copyright © 2014 by John Wiley & Sons, Inc. All rights reserved. Identifying Revenue Streams Sports Event Management and Marketing Playbook Play 3.
Factors affecting promotion. Product Life Cycle Affect on Promotion Introduction – Promotion aimed at innovators and aims to promote product awareness.
Importance of Marketing
1.03 Acquire information about the Sport & Event Industry to aid in Career Choices.
Welcome to your music business. So what do you need to do to get started? PLAN & ORGANISE Otherwise you may never get started and even if you do, the.
Chapter 19 advertising Section 19.1 Advertising Media Section 19.2
Copyright © 2012 Pearson Education. Chapter Fifteen Advertising and Public Relations.
Marketing: An Introduction Integrated Marketing Communications: Advertising, Sales Promotion, and Public Relations Chapter Thirteen Lecture Slides –Express.
Chapter 17: Internet Marketing Copyright © 2010 Pearson Education Canada E-Business 1 E-Business is more embracing than E-Commerce. E-Business embraces:
MARKETING MANAGEMENT 12 th edition KotlerKeller 18 Managing Mass Communications.
Planning the Promotion Advertising and Sales Promotion 2 Public Relations and Personal Selling.
Fashion Advertising and Promotion
PROMOTION Standard five: 5.1 role of promotion. Standard Five Students will discover the importance and elements used in developing a promotion mix to.
Inside Record Labels 3.1. Major Label Departments CEO of a major label will generally oversee the business affairs of all the affiliated labels under.
PromotionPromotion Promotion in Sports Marketing the Game.
Part 4: Producing, Performing, and Merchandising.
Marketing Management, 13th ed
Personal Selling. Personal communication of information to persuade somebody to buy something. Personal communication of information to persuade somebody.
4.5 Promotion 4.6 Place Chapter 28. Promotion  The use of advertising, sales promotion, personal selling, direct mail, trade fairs, sponsorship and public.
Chapter 11 Marketing Communications Copyright 2006 Prentice Hall Publishing Company 1 Integrated Marketing Communications.
CHAPTER 17. Promotion informpersuade remind any form of communication a business or organization uses to inform, persuade, or remind people about its.
Arens|Schaefer|Weigold
Chapter 7 Branding Branding is a name, word, or words, symbol, or design that identifies an organization and its products. A brand name can also be a “trade.
PROMOTION. EVENT MARKETING  all activities associated with the sale, distribution, and promotion of a sports event  Promotions function in sports to.
Chapter 10 Advertising and Promotion Copyright ©2012 Pearson Education, Inc. publishing as Prentice Hall 10-1 Creative Use of Advertising and Promotion.
Public RelationsTheocharis KatranisMBA, Stirling Public Relations Theocharis Katranis Lecture 5 Lecturer 1.
and Marketing Agencies
Section 19.1 Advertising Media Chapter 19 advertising Section 19.2 Media Rates.
8.1 Planning the Promotion Event Marketing event marketing Developing an effective promotional mix and corresponding budget requires an understanding of.
Brief Intro to Promotion & Promotional Mix Objectives Explain the role of promotion in business and marketing Identify the various types of promotion.
Part 3: Managing Artist Relationships. Chapter 9.
EVENT DISTRIBUTION Sports Entertainment and Recreation Marketing.
Entertainment Pricing. P P P P The Marketing Mix—The Four Ps 2 involve the goods, services, or ideas used to satisfy consumer needs. Product Decisions.
Concert Production Chapter Sixteen
SEM Professional Development
1.03 Acquire information about the Sport & Event Industry to aid in Career Choices.
WF SEM A - Professional Development
SEM A - Professional Development
SEM A - Professional Development
SEM A - Professional Development
Advertising Media The forms of communication through which advertising reaches its audience Newspapers Relatively inexpensive and timely; short life span.
SEM A - Professional Development
D. Marketing a Small Business
Presentation transcript:

Part 5: Live Music

Chapter 16

Start Thinking... Brainstorm all the factors you believe contribute to a successful, well-planned concert.

Chapter Goals Gain awareness of alternative ways concerts may be sponsored, financed. Learn realistic concert budgeting. Acquire understanding of how contracts may be negotiated with artists, talent agents, venue managers, and service companies. Discover effective concert promotion techniques. Learn production planning and methods of back- timing.

Concert Production Live music leaves a vast economic footprint Boosts record sales Increases demand for merchandise Three key players in the concert promotion industry: the event promoter the artist’s manager the tour-booking agent

Concert Promotion National promoters coordinate tours need local promoters negotiate share of net receipts Local promoters recommend venues, seating arrangements, promotional tie-ins Key responsibilities of promoters

Getting Started Competitive pressures have led to consolidation in the concert promotion industry Still room for small start-up promotion ventures Some book acts of their own before established promoters take an interest in them Others serve on their college campus’s entertainment committee Others put together performances to raise funds for a charity or other organization in need

Getting Started The Cost of Doing Business Initial investment of cash is required Promoters need cash to cover their expenses before the first ticket may be sold There may be fees associated with establishing a concert promotion company

Booking the Artist Finding the Artist Promoters responsible for booking the full lineup of artists opening acts should be suitable for the headliner’s audience should not overshadow the main talent Contracts spell out how headliners and opening acts are presented in advertising and promotion materials “Promoter of record”

Making an Offer The agent who represents whom? preliminaries what are artists’ fees and available dates? what are possible venues? what does the venue offer? what is the venue’s potential? The offer

The Art of the Deal Negotiating artists’ fees split point deal point Potential versus reality net potential = gross potential – unsold/free tickets written agreements Control sheets see Table 16.2 on page 278 of textbook for an example of how to back-time tasks

Contracts Face page Technical rider deal breaker finer points open to negotiation Sometimes rider requirements that can kill a deal The finer points of the rider can be negotiated and may depend on several factors

Marketing Online and mobile artist and venue websites online ticket sales ads on third-party websites Radio and television television advertising can be used to reach a broad audience Radio is cheaper, with a narrower demographic focus, a combination which often makes the medium a good advertising vehicle

Marketing Direct mail and mailing lists tend to be small syndicated print mailing lists include thousands or tens of thousands of consumers no postage and paper costs with , but consumers are weary of promotional barrages Print media include newspapers and magazines the main print buy is the “alternative” print media of free weekly newspapers

Advertising Production More and more, artists themselves control production of the commercials and print advertising Ad mat Nationally touring acts typically employ one set of advertising materials that can be used for all their concerts with minor customizing for a local venue and date Professional production companies typically produce higher quality commercials

Publicity and Public Relations Non-paid marketing function includes: issuing press releases providing news outlets with video and audio clips generating favorable news coverage by making artists available for press interviews Postering/street teams placing posters in prominent locations with heavy foot traffic temporary hires wearing identical clothing placing posters and passing out fliers

Sponsorships Record company sponsorships Local radio station sponsorships Venue and corporate sponsorships College sponsorships

The Future of Live “Live” events transmitted as cable pay-per-view, to movie theaters via closed circuit, or via online video 3D hologram performances Electronic substitutes will never take the place of live artists

For Further Thought... What is a split point and how does it affect a promoter? What possible complications could arise from venue or corporate sponsorships? What are a promoter’s options for filling up a venue when ticket sales are weak?