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Breaking Down #Beyonce: A Counterpoint on Her Festival Finances I will always defer to Dan Runcie when it comes to music. But he's doing double-time in the media lane, and he's missing some things in saying it's not in Beyonce's financial interest to perform at festivals. First, let's break down what he's saying about what she makes from the tour: - Beyonce grossed $579M on tour w/ a budget of $150 million, across 56 dates - Thus, she netted $7.6 million each performance from ticket sales  - Throw in that she monetized footage from the tour with a film that grossed $44M, and would have netted $19.4M after AMC takes 57% of U.S. and 30% of international box office If we deduct a conservative $1m in cost on that film, Beyonce netted $447.4M, or $8M per performance from her tour. Now, if we were to estimate what she could earn from performing at Coachella: - Bey made $8-12M last time around for 2 performances. It's safe to say she could get $14M from #Coachella based on inflation and the rise in their VIP prices over the years. That's $14M net, assuming Coachella pays for performance costs. - While Netflix is slashing costs, they paid $20M for Beyonce last time, and I think she could get $30M for a series documenting her two weekends. Takeaway $2M for production costs and that's $28M net. - Beyonce should also make one of her performances a "last minute" PPV (after tickets sell out, of course). If just 10% of the 2.7M that attended her tour globally buy that, that's 270k purchases at $100, for $27M, of which Bey could net $21M. Those main sources of revenue alone would gross $71M and net her $63M. For just two performances, that would net Beyonce $31.5M per performance. In terms of gross, that's more than Dan's 3-night calculation of $45M that includes the film, which needed footage from nearly all 56 dates to really work. On a per-performance basis, her $31.5M per date is 4X what she made on tour. And if we get creative, some reports have Coachella at 500k attendees in 2023. If that's the case, I believe Beyonce has 3 things she could sell at a festival that can't be duplicated on tour. #1. She can install a limited experience replete with fashion, paintings, listening rooms, old footage, AR/VR, etc. that could be an upsell on 20% of tickets @ $75. That would gross $7.5M. #2. Bey could offer "creative" and "business" workshops, where people can train and get guidance from her "people", as well as meet Bey. This is more of a B2B thing; thus, she could sell this for $10k to just 1,000 (250 people per day). That would gross $10M. #3. Imagine an outdoor Beyonce lounge, that can't be replicated in a stadium, for approximately 1k VIPs paying $500, for a gross of $500k. I'd estimate those 3 things to cost no more than $3m, which gives her an upside of $15M net. Altogether, Bey could gross $89M, while netting $78M, or $39M per night. I'd say that's plenty of reason to explore giving a festival one more chance.

Paul Soong knows that the secret to a truly unforgettable event lies in the entertainer. Karla's extraordinary talent and dedication make every function she touches exceptional. From intimate gatherings to grand celebrations, Karla’s personalized performances elevate the experience to new heights. ✨🎶 #KarlaAdele #EntertainmentExpert #MelbournePerformer #LiveMusic #EventEntertainment #VersatilePerformer"

You want to choose the RIGHT city to live in! Here are a couple things you want to consider: (1) What is the crime rate? (2) What does the city have to offer? A downtown? Events? Festivals? If you want your home value to boost, you have to look at the potential growth of the city! 🏙️ #realestate #homeprices #firsttimehomebuyer #livermore #michelettimedia

Just a quick reminder. I can get you tickets to any sporting event, concert or theater near you, whatever your location.. Check it out!

Calling all event promoters… 👋 Your events create demand, not just for tickets but also for places to stay and if you're not capturing any revenue from this, you're missing out on a big revenue opportunity. Check out the latest blog post the marketing team have put together to learn a bit more about what we call, The Event Effect. In the blog we also share some case study data from The Boss, Bruce Springsteen's recent gig at the Principality Stadium, Cardiff 📈 https://lnkd.in/dfU6BhKk This is something we’re going to be doing a lot more of, sharing both some of the big successes we’ve had in recent times but also digging into our powerful predictive #data 📊 The data we have access to allows us to model the predicted accommodation spend for all kinds of events and tours and we’re going to start sharing that with our followers and really show the level of the opportunity on the table. If you’re interested, give our page, Bundl, a follow 👀 Alex Ogilvie | Lucy Greenhill | Emma McGirl | Jo Raftery | Joanne Dixon | Peter Antoniou #TheEventEffect #BundlTravel #events #eventprofs #eventprofsuk #innovation #technology

The Oasis tickets went on sale this weekend and there was a lot of disgruntled noise on social media and in the news as frustrated fans missed out after spending hours being churned about in a queue only to see tickets for their beloved band appearing on resale sights at many multiples of £'s of their face value. While Ticketmaster's dominant position in the market gives it a certain degree of insulation, it's not entirely immune to the consequences of poor customer service. Negative publicity, social media backlash, and potential regulatory scrutiny can have a significant impact on a company's reputation and bottom line. However, the extent to which Ticketmaster feels compelled to prioritise customer satisfaction may vary depending on the specific circumstances. If the company believes that it can maintain its market dominance without making substantial changes to its practices, it may be less likely to invest heavily in improving the customer experience. Perhaps it's time for fans to demand more transparency and accountability from ticketing companies. The voices of the fans seem to be getting louder so by speaking out and organising, fans can exert pressure on both ticketing companies and artists to improve the ticketing experience.

Not long to go before this new networking launches. Knowing how great the scene is in Leicester when it comes to networking I have no doubt this will be another great regular one for the calendar! Who's up for showing some support in the community and joining on this launch event? Full details in the post below... #Networking #Leicester #LaunchEvent #Hospitality

During Bank Holidays, the struggle to capture the attention of potential attendees intensifies. The question arises: How can event organisers ensure their Bank Holiday events stand out amidst both local and national competition? To assist you in tackling this challenge, we've compiled a list of suggestions and creative insights; some you may have already cleverly integrated into your events, while others may spark new ideas you've yet to explore. Browse through the carousel below and visit the blog in the comments to discover how to outshine your competitors over the Bank Holidays taking place in 2024. #Skiddle #MoreThanATicket #eventindustry #ticketing #promoters #eventplanning #eventplanningtips #eventmarketing #tickets #festivals #selltickets #gigs #clubs #theatre #attractions #bankholiday #eventprofs

Learn about the different types of event security needed for festivals, corporate events, sports, TV and film productions, and weddings. Learn more: https://lnkd.in/gUvFiYV7 #security #securityservices #securityguardservices #privatesecurity #eventsecurity #losangeles #la #lacounty #california #cali