Booking and Negotiating Your Band Part 8
The promoter also includes a 10% promoter fee to pay himself as well as a confirm for the band. As soon as all of these expenses have been met from ticket revenue, the remainder is profit and which is in which the split comes in. And perhaps in your surprise, as it was to mine, it is spilt 80% towards the artist 20% to the promoter. That is virtually a glorified confirm and doorway package except the artist gets 80% on the ticket revenue the moment all expenses are covered. All artists hope to build themselves here a single day as this can be probably the most profitable concert package, the only downside is by the time you get to this point you will discover generally multiple other hands inside your pot including artist managers, booking agents and from time to time record organizations.
