'Hidden' Costs of Name Entertainment by Brad Weaber |
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Because of budget cutbacks in the early '90s, fewer meeting managers had the opportunity to book "name" entertainment for their meetings. But as meeting attendance improves, high-priced talent is enjoying a resurgence. What are the keys to managing costs for entertainment? The first commandment is to have a budget in mind going in. Remember that the artist's fee is just the tip of the iceberg. But before commencing any research, ask yourself a series of questions about your audience, destination and meeting objective:
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How to Balance Your Entertainment Budget
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| But an old Motown Group will get 'em rockin' in the aisles.
After you've whittled down your options comes the hardest decision: finding right talent agent. Unless you are related to the entertainer or have a personal relationship with the manager, you will usually find yourself working with an agent. Agents work on a percentage, generally 10 to 40 percent but often as high as 60 percent! It is not uncommon to find two different agents quoting widely different prices for the same act. Be aware that some agents will attempt to convince you to book a specific entertainer because the agent has additional incentives. It is important to shop around until you find an agent you are comfortable with. Don't be afraid to ask what his commission is. Also, ask if the agent will accompany the performer: A good agent will streamline on-site logistics. Next, secure the date. Sound simple? You don't have a booking until the agent makes an offer to the manager and it is accepted. (Remember: You are competing with other offers.) Also, many entertainers will want a stipulation in the contract that allows them to cancel if an opportunity at another location (television, concert tour, etc.) presents itself. If the entertainer insists on this clause, be certain to consider the ramifications before signing on the dotted line. And, of course, read the fine print. There will be lots of it. It is imperative that all costs be broken down in the proposal before you sign a contract. The breakdown should include:
The "rider" is the document that can send costs "over the top." It outlines all of the specific logistical requirements of the entertainer including transportation, hotel accommodations, rehearsal requests, dressing room requirements, F&B, etc. Often, the rider is not presented to the planner until after the contract has been signed. Insist, at all costs (no pun intended) on seeing it before. Many of the items in the contract rider for a stadium concert of 30,000 do not apply to a ballroom performance for 1,000. We've all heard of entertainers requesting fine champagne, whole cashews (not halved) and green M&M's. No doubt about it: Bringing name entertainers to your meeting is, literally, a production. But if the money is spent wisely, their "draw" potential can be worth it. |
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| Brad Weaber is senior account executive in the Washington, D.C. office of Conferon, the nation's largest independent meeting planning company.
First published in: Convene Magazine, July 1995 |
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