PROMPT
Booking Fees
A major fixed cost for a concert promoter is the booking fee for the act. The booking fee is the amount to be paid to the act for a sing show at a venue. Degy Entertainment, a booking agency, provided a list of asking prices for several popular acts. The following is a sampling from the list.
Taylor Swift$1,000,000+
Carrie Underwood$400K-$500K
Justin Timberlake$1,000,000+
Alicia Keys$350K-$500K
Rihanna$500K-750K
Bruno Mars$200K-$400K
Katy Perry$500K
Pitbull$200K-$300K
Keith Urban $400K-$600K
Ke$ha$150K-$200K
Maroon 5$400K-$600K
The Script$125K-$175K
Kanye West$400K-$600K
The promoter must cover theses fixed costs with ticket sales;
INITIAL POST:
Begin by reading the prompt
Answer the two (2) discussion questions:
If the booking fees for an artist was to increase due to recent popularity, what effect will this change have on the break-even point?
Do you agree or disagree with a fee for any of the above artist? Why?
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