Great info!! Thanks for the enlightening and informing us! So Adam (his company) fronts the whole cost of the tour...including paying the promoters? Plus, DMG gets a cut based on his deal with them (10% ?) And, ofc, if he has his way, set design and costuming will be OTT!!hotouthere » Wed Jul 29, 2015 10:28 pm wrote:I used to do the accounting for a small local promoter.
Based on my experience, promoters negotiate and make deals with venues for the entertainer; make all arrangements for local advertising, promotions, ticket selling, security, local transportation such as limos to and from hotel, lodging, food services and any other requirements of the entertainer and their personnel. The promoter's familiarity with local venues, businesses and personnel make it easier for them to make the arrangements needed to put on an event. The entertainer just needs to get to the event, set up their own equipment, put on the show, pack up their equipment and haul it out. All of their other needs are handled by the people hired by the promoter. The promoter generally gets paid based on ticket sales and other factors.
Adam said that no promoter stepped up to the plate to handle Queen + Adam in the southeastern United States and that is why they didn't do any shows there. Promoters can lose money if the ticket sales fall below expectations and I guess the promoters in those states didn't envision the demand for that kind of entertainment event.
Adam said that his "company" will be handling the next tour. We were once enlightened to the fact that Adam formed a corporation to handle his business dealings. I believe that it is that corporation that he is referring to here. Therefore, his corporation, with the help of DMG, will be negotiating deals with promoters. His company will also be responsible for hiring and paying band members, dancers, and road crew salaries; transportation and lodging costs outside of those provided by promoter and some food costs (usually on performance days for crew, band, etc). Adam's company would pay for design and creation of stage settings and costuming if any. I suppose that accountants and lawyers who work for DMG do most of the actual work to handle the payroll, accounting and business dealings for his corporation. He probably has his parents on the board of directors so that they can keep an eye on things.
If anyone has any more insight, you are welcome to add to this!
I wonder if WBR has any input (or cash fronting) into this?