|
|
Post by houselady on Feb 17, 2013 20:58:46 GMT -5
|
|
|
|
Post by DancyGeorgia on Feb 17, 2013 21:00:51 GMT -5
|
|
|
|
Post by Q3 on Feb 17, 2013 21:24:49 GMT -5
Tickets were 119,000 won, US$110.36 Assuming some number of comp tickets, gross was around $200,000. The concert promoters bear the risk for this tour, and there is no way to figure out the guarantees and other revenue streams that Adam has for this tour. Needless to say, my guess is that Adam would not be doing this tour if he had any major financial risk, he would have just started to work on his next album and done a few casino shows in North America. ETA: Adam proved with GNT that he knows how to manage an international tour with small to mid-sized venues and make money. The Asian music/touring market, in general, is a bit different from the US and the majority of the western markets, which typically the performers don't get paid till after the fact with all receipts counted. I don't have the specific knowledge when it comes to South Korea and some other Asian countries, so I'll share what I know about China, and use Shanghai concert as an example. Typically, the Chinese performers & int'l alike get paid right after the contract is signed, which is way before the concert takes place; however, most of them only get paid for half of the contracted amount at that time and the other half after the fact, Adam is one of the exceptions --- he was said to have been paid in full already! The contracted amount is based on projected concert ticket sales and other possible revenue streams that might be able to pull in, travel expenses & lodging may be included as well depends... As Q3 pointed out the promoters bear the financial risk for the concert. The Shanghai concert is selling well and Hennessy even paid the promoter AEG China to get their name attached to the concert (no, it doesn't mean it becomes a Hennessy event, just mean Hennessy got a piece of ad). But not all concerts work out in the promoter's favor. A few years back before Adam Levine's Voice fame, Maroon 5 had their first concert in Shanghai at the same arena and it was configured for 3000 seats, tickets sales were very underwhelming, and the same thing happened to JLo last year when she had her concert at Mercedes-Benz arena (but her concert was configured for 10,000). The most screwed up concert on this little tour is Sky Dome, Philippines. It went from a stadium to a 1500 seat venue, and 3 different promoters... the politics of the Philippines touring market is notorious. Some Chinese tour promoters even suspected awhile back there might not be a concert there. .... I am very surprised that Adam may have been paid entirely in advance. That seems very unlikely to me. But in the US artist often get paid part of their guarantee in advance and the balance after the performance. In the US musicians who work with concert promoters get a guarantee plus additional money if sales exceed some # -- like over 80% sold. Sometimes artist agree to waive the guarantee or take a small guarantee and get a share of the total receipts. Some musicians, like Madonna, fund their own tours and are both promoter and artist. Although there are certainly differences in China vs the US when it comes to concerts, AEG China is actually a subsidiary AEG (headquartered in Los Angeles). It is usually necessary to form a separate business entity to operate in China. |
|
Deleted
Posts: 0
Location:
|
Post by Deleted on Feb 17, 2013 21:25:51 GMT -5
Lindag thank you for such an interesting article. One of the comments was very interesting in making note of violation of both the 5th and 14th amendment. I hope Adam and Sauli do not fall victim to our antiquated laws (nicest word I could think of ) but... if they did think of the publicly the law would get and could it be a impetuous for the needed change? I understand why Stay gets noticed and lauded but want it for Adams' songs not some other persons songs! Been gone for most of the day and missed the blow by blow action. Just now catching up, sorta! |
|
|
|
Post by adamrocks on Feb 17, 2013 21:27:05 GMT -5
THANK YOU!  |
|
|
|
Post by maddie509 on Feb 17, 2013 21:35:10 GMT -5
I am very surprised that Adam may have been paid entirely in advance. That seems very unlikely to me. (I'll pm you, Q3)But in the US artist often get paid part of their guarantee in advance and the balance after the performance. In the US musicians who work with concert promoters get a guarantee plus additional money if sales exceed some # -- like over 80% sold. Sometimes artist agree to waive the guarantee or take a small guarantee and get a share of the total receipts. Some musicians, like Madonna, fund their own tours and are both promoter and artist. Although there are certainly differences in China vs the US when it comes to concerts, AEG China is actually a subsidiary AEG (headquartered in Los Angeles). It is usually necessary to form a separate business entity to operate in China. Yes, AEG China is a subsidiary of AEG which is headquartered in L.A. and it's also very true to form a separate entity to do business in China. |
|
bobo
Member
Posts: 2,127
Location:
|
Post by bobo on Feb 17, 2013 21:36:52 GMT -5
|
|
|
|
Post by wal on Feb 17, 2013 21:42:27 GMT -5
|
|
|
|
Post by 4Ms on Feb 17, 2013 21:48:09 GMT -5
Look for & downloads & updates:
DEVENLANE |
|
