Music Biz Economics – How does the money flow when music bands tour? Do they “rent” out the theatre/stadium, or does the facility “hire” the band? Who takes the hit if tickets don’t sell?

Question

Music Biz Economics – How does the money flow when music bands tour? Do they “rent” out the theatre/stadium, or does the facility “hire” the band? Who takes the hit if tickets don’t sell?

In: 2

Answer 1

Venue and Band or manager negotiates a contract for who gets how much of ticket sales and sometimes the venue only makes its money on concessions or beer or parking. Sponsors of events also contribute to booking acts.

There are also huge players like LiveNation aka ticketmaster who manage entire Tours and bands across all their partner venues https://www.livenation.com/venues around the world handle all aspects of scheduling and tours