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Expert Chat Replay: Bands, Fans & the Future of the Music Industry

  • DATE: November 2, 2020
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This week, Jim sat down with veteran music agent Wayne Forte (Founder and President, Entourage Talent Associates, Ltd.) to talk about his work with Tedeschi Trucks Band. When the band couldn’t do their beloved annual live show, he helped them set up live broadcasts of last year’s show recordings to bring fans together and support the band and crew with ticket sales, merchandise sales, and donations. The resulting experience was amazing for all involved -- interacting with fans in chat and seeing them...

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P&L

The Importance of Reaping Revenue From the ‘Other’ Category

In contrast to the gloomier news in other spots in the symphonic world, the Chicago Symphony Orchestra has reported increases in revenue from both tickets and donations and a much, much smaller operating deficit. In fact, this year's ticket sales record of just over $22 million surpassed last year's sales, which were also a record. Very interestingly, to me, about $10 mm in revenue came from what I'd call the "Other" category, which included "tour fees, merchandise sales, space rentals,...

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