VIP newsletter April07.indd - VIP-Booking
VIP newsletter April07.indd - VIP-Booking
VIP newsletter April07.indd - VIP-Booking
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<strong>VIP</strong>- News<br />
PREMIUM ›› VOL. 91 ›› APRIL 2007<br />
McGowan’s Musings:<br />
As you’ll read if you venture further than<br />
my initial ramblings, it’s a hectic business<br />
the live music industry, no sooner are you<br />
shaking the dust off your SXSW cowboy<br />
hat, whilst contemplating the company<br />
acquisitions and venue purchases that<br />
are completely shaking up the UK touring<br />
circuit, than you find yourself in the<br />
other worldly surroundings of Iceland in<br />
the company of fellow scribblers and industry<br />
figures! Still as I always say, or will<br />
from now on –‘Live keeps you alive!’<br />
The changes in the UK were highlighted<br />
with the announcement on Friday 30th<br />
March that the long expected acquisition<br />
of a significant interest in Academy<br />
Music Holdings Group (AMG) by Live<br />
Nation, Inc. (Live Nation) and Gaiety Investments<br />
(Gaiety) had been confirmed<br />
and completed. John Northcote, Chief<br />
Executive Officer, Academy Music Group<br />
says: “I have no doubt that this deal will<br />
be mutually beneficial for not only concert<br />
goers and music fans, but also the<br />
live music industry as a whole, allowing<br />
us to pursue our strategic growth for the<br />
Academy brand in locations that currently<br />
do not have an outlet for live music.<br />
AMG’s commitment to new and emerging<br />
talent will continue and its in-house<br />
Academy Events promoting team, who<br />
are dedicated in giving opportunities to<br />
future new talent, which is the life blood<br />
Allan McGowan<br />
of the music industry.” So can we argue<br />
with that It would seem not, as it promises<br />
much for both under provided audiences<br />
and aspiring bands, surely these<br />
are principles essential to our industry.<br />
Even the fears of those protesting monopolies,<br />
and warning of the advances<br />
of ‘The Evil Empire’ have been somewhat<br />
allayed as Live Nation were forced to sell<br />
venues following this acquisition, allowing<br />
Channelfly parent company Mama to<br />
purchase London’s Forum and to enter<br />
into agreement to purchase Hammersmith<br />
Apollo. What with the Barfly sector<br />
of the Company again presenting the<br />
three day Great Escape Festival in my<br />
home town Brighton on May 17-19 there<br />
are going to be some very busy and high<br />
spending times coming up. So, the Texas<br />
dust seems almost insignificant with this<br />
flurry of activity – we live in interesting<br />
times!<br />
If you are reading this on Monday April<br />
16, then you may also glued to your<br />
phone attempting to get your hands on<br />
tickets for the Live Earth concerts to be<br />
held July 7 in cities around the world,<br />
aimed at raising climate change awareness.<br />
Red Hot Chili Peppers, Madonna,<br />
the Beastie Boys and Black Eyed Peas,<br />
Keane, Foo Fighters and others will headline<br />
the concert at Wembley stadium in<br />
London. In the US Bon Jovi, Dave Matthews<br />
Band, Kanye West, Rihanna, John<br />
Mayer, Smashing Pumpkins and Fall Out<br />
Boy will play at Giants Stadium in East<br />
Rutherford, N.J. Other shows are planned<br />
to take place in Shanghai, China; Johannesburg,<br />
South Africa;Sydney, Australia;<br />
Tokyo; and Rio de Janeiro, Brazil. Organizers<br />
have also promised an event in Antarctica<br />
(surely this will involve an amount<br />
of environmental disturbance Oh well,<br />
I’m sure this has been taken into account)<br />
Anyway – it will be interesting to see how<br />
quickly these tickets, at whatever price<br />
they are, will sell out – and how many will<br />
land up on ebay, and how the income will<br />
be used - however it’s obviously a good<br />
cause and let’s wish it well!<br />
For now –Ladies and Gentlemen – the<br />
News...<br />
The <strong>VIP</strong>-<strong>Booking</strong> European Live Entertainment Book<br />
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<strong>VIP</strong>- News - A p r i l 2 0 0 7<br />
Iceland and The Faroes<br />
Allan McGowan am@vip-booking.com<br />
COLOPHON ››<br />
At the invitation of Anna Hildur, known to<br />
many through her work with the Iceland<br />
Airwaves Festival (more on this in the next<br />
News) and recently appointed to head the<br />
Icelandic Music Export Office I recently paid<br />
my first trip to Reykjavik to attend events<br />
highlighting new Icelandic and established<br />
Faroese talent and to be informed of upcoming<br />
music events.<br />
»The Faroes Teitur and Iceland’s<br />
Petur Ben Benediktsson perform<br />
impressive acoustic sets«<br />
Steinar Berg is a legendary industry man in<br />
Iceland, now semi retired he runs a restaurant<br />
on a farm at Fossatun in Borgarfjordur,<br />
85km away from Reykjavik overlooking dramatic<br />
river scenery. In fact as anybody who<br />
has been there knows, Iceland is a place of<br />
breathtaking and unique scenery, and yes I<br />
did get to bathe in the Blue Lagoon! Steinar<br />
retains his interest in music and is working<br />
on a project called Acoustic Iclend. On our<br />
first night we drove to the restaurant for<br />
dinner and to see The Faroes Teitur and<br />
Iceland’s Petur Ben Benediktsson perform<br />
impressive acoustic sets. Amongst the invited<br />
guests, I was surprised to run into Vince<br />
power (see Neil O’Brien article in this issue),<br />
artists and events in this part of the world<br />
are obviously attracting attention!<br />
It appears that Reykjavik City Council has<br />
been more forward thinking than many<br />
similar organizations in the UK and elsewhere.<br />
Many Cities and Countries have now<br />
recognized the trade and cultural value of<br />
popular music, but the Icelandic capital has<br />
been supporting and sponsoring a national<br />
Battle of the Bands called Musiktilraunir<br />
or Music Experiments open to age groups<br />
from 13 to 25, for the past 26 years. Band<br />
members from Sigur Ros have taken part in<br />
different projects and Bellatrix, Minus and<br />
Jakobinarina have all participated as. Many<br />
established artists stay connected, turning<br />
up to present the various awards to the winning<br />
bands. We attended the event, along<br />
with a few hundred others of all ages on the<br />
Saturday afternoon. Both bands and audience<br />
take their music very seriously and the<br />
standards are high, this year’s winning act<br />
was hardcore band Shogun.<br />
Nasa is one of Reyjkjavik’s leading venues<br />
and the Atlantic Music Event (AME) used the<br />
club to stage a night of Faroese talent, featuring<br />
Teitur (with added string quartet!), Brandur<br />
I Enni, Eivor and an impressive set from<br />
Gestir, a young band who would do well at<br />
events like Eurosonic and The Great Escape.<br />
<strong>VIP</strong>-News is published by:<br />
<strong>VIP</strong>-<strong>Booking</strong><br />
26 York Street<br />
London W1U 6pZ<br />
Managing Director:<br />
Ronni Didriksen<br />
rd@vip-booking.com<br />
General Manager:<br />
Peter Briggs<br />
pb@vip-booking.com<br />
Writer and editorial:<br />
Allan McGowan<br />
am@vip-booking.com<br />
Writer:<br />
Manfred Tari<br />
mt@vip-booking.com<br />
For advertising enquiries pls. contact<br />
Peter Briggs pb@vip-booking.com<br />
or +44 870 755 0092<br />
Lay-out:<br />
Pekaye Graphics, Phuket – Thailand<br />
info@pekayegraphics.com<br />
Teitur<br />
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<strong>VIP</strong>- News - A p r i l 2 0 0 7<br />
The G! Festival<br />
Many people in the UK at least have very<br />
little idea where The Faroe Islands are,<br />
most would guess that they were located<br />
near Portugal, and some that there was a<br />
connection with Egypt. In fact the archipelago<br />
is composed of 18 islands, located<br />
as many of you will know, in the heart of<br />
the Gulf Stream in the North Atlantic at<br />
62°00.N, northwest of Scotland and halfway<br />
between Iceland and Norway. (Here<br />
endeth the geography lesson!).<br />
Denmark in 2002 and the idea came to me<br />
that we should start a festival on the beach<br />
at Göta, (A City 40 minutes from the capital<br />
Tórshavn). I called my brother and told him to<br />
design a ‘G’, pick a date and put up posters,<br />
somehow it all took off!” Around 1000 people<br />
bought tickets to the first festival which<br />
was the first real outdoor music festival ever<br />
held in the Faroe Islands. Ticket sales have<br />
grown steadily ever since. The 2005 and<br />
2006 G! Festivals sold out all 6000 tickets<br />
and somewhere between 2000 and 4000<br />
more people watched the music festival<br />
from outside the festival area in boats on<br />
the sea or in the hills and roads surrounding<br />
the area. It is believed that one-fifth of<br />
the entire population of the Faroe Islands<br />
joined in.<br />
contributions from The Nordic Council Cultural<br />
in the beginning, and Atlantic Airways<br />
is a key player, contributing free and cheap<br />
tickets to bring in artists etc. The event is<br />
now part of the tourist industry, and receives<br />
some tourism funds, we are working<br />
on building up this aspect of the festival.”<br />
This year’s edition will take place on July<br />
19-21, in all there will be approx 40 artists<br />
- 20 international and 20 Faroese. Between<br />
8 and 9 thousand are expected to attend<br />
and so far the line up includes:<br />
Guillemots (UK): Nephew (DK): Serena<br />
Maneesh (NO): Loney Dear (SE): The Dixie<br />
Hummingbirds (US): Boys in a Band (FO):<br />
Young Dubliners (US): Polkaholix (DE)<br />
G! Festival 2006<br />
The G! Festival is the brainchild of Jón Tyril<br />
who told me how the event started, “I was<br />
producer and guitarist with the band Clickhaze,<br />
which featured Eivör on vocals and<br />
Högni Lisberg on drums. We were touring in<br />
»The event is now part of the<br />
tourist industry, and receives<br />
some tourism funds, we are<br />
working on building up this<br />
aspect of the festival«<br />
- Jón Tyril<br />
Jón Tyril continues,”‘G!’ was funded by<br />
Jón Tyril founder of G! Festival<br />
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<strong>VIP</strong>- News - A p r i l 2 0 0 7<br />
Neil O’Brien Leaves Agency Group<br />
Allan McGowan am@vip-booking.com<br />
Neil O’Brien has left Neil Warnock’s The<br />
Agency Group where he worked as a live<br />
booking agent since 2004. Vip asked him<br />
about his career so far and his plans for<br />
his new company Neil O’Brien Entertainment:<br />
<strong>VIP</strong>-News: How did you get started in the<br />
business, and where did you work previous<br />
to The Agency Was there anyone<br />
that you particularly learned from<br />
Neil O’Brien: I began my career in live music<br />
working at Mean Fiddler, Harlesden, London<br />
in 1987. I programmed the Acoustic Room,<br />
Main Room Mean Fiddler, Subterania, The<br />
Grand, and The Forum. I was also part of<br />
the team that programmed and produced<br />
the Reading, Phoenix and Fleadh festivals. I<br />
was involved in reforming Madness in 1992<br />
to play Madstock. During this time working<br />
for Vince Power (Founder of The Mean Fiddler<br />
Group of Companies, now Chairman of<br />
the Vince Power Music Group, and recently<br />
honoured by the UK Government by being<br />
made a Honorary Commander of the British<br />
Empire) taught me the value of quality<br />
music programming and to always retain a<br />
dry sense of humour!<br />
<strong>VIP</strong>-News: Have you preferred to work<br />
with particular ‘types’ of artists<br />
Neil O’Brien: Blues, Folk, and Jazz - all these<br />
musicians have a deep sense of musicality<br />
and the structure of song.<br />
<strong>VIP</strong>-News: Do you specialise in certain<br />
territories or are you happy to work your<br />
artists anywhere<br />
Neil O’Brien: European - I have spent the<br />
past three and half years making many new<br />
contacts in the European market and enjoy<br />
the challenges of presenting artists in a<br />
number of territories.<br />
<strong>VIP</strong>-News: Will you work on your own, or<br />
do you intend to bring anyone else into<br />
your new company<br />
»My company is all<br />
about different forms of<br />
entertainment and that is what<br />
will keep me excited«<br />
- Neil O’Brien<br />
Neil O’Brien: Initially I will be working on my<br />
own, but intend to employ support staff in<br />
the near future and who knows - maybe take<br />
a floor in Canada Square (Upmarket office<br />
area of The City of London) before too long<br />
!!!!!! (Watch out Rob Hallet ! (Director of AEG<br />
Live, ex Executive Mean Fiddler Group))<br />
<strong>VIP</strong>-News: What is your overview of the<br />
live industry today<br />
Neil O’Brien: Very exciting and benefiting<br />
from an increasingly well trained influx of<br />
people. The great thing is the morning after<br />
the night before you never know what to expect.<br />
<strong>VIP</strong>-News: Do you have any particular<br />
plans for the future, and what would you<br />
like to achieve with the new company<br />
Neil O’Brien: I am looking forward to working<br />
with musicians, authors, comedians and<br />
performers of all types. My company is all<br />
about different forms of entertainment and<br />
that is what will keep me excited.<br />
Neil O’Brien Entertainment will now exclusively<br />
represent the following artists and<br />
events in Europe:<br />
Neil O’Brien<br />
Brian Houston: Goldrush: Hugh Cornwell:<br />
Joe Bonamassa: John Power: Henry<br />
Blofeld: Kate Walsh: Keren Ann: Kitsch<br />
Lounge Riot: Martyn Joseph: Moya Brennan:<br />
Newton Faulkner: Nigel Clark: The<br />
Only Ones: The Shaolin Monks: The Storys:<br />
Tina Dico: Tony Christie: Truck Festival.<br />
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<strong>VIP</strong>- News - A p r i l 2 0 0 7<br />
PRS Foundation for New Music Funding Opportunity<br />
for UK Emerging Acts<br />
Allan McGowan am@vip-booking.com<br />
The PRS Foundation for New Music will<br />
award up to £120k this year to support<br />
emerging UK acts at showcasing events<br />
under the British Music Abroad scheme. A<br />
large part of the costs of showcasing are<br />
travel and accommodation costs, which for<br />
an emerging act can be prohibitive. British<br />
Music Abroad provides financial support<br />
towards these costs for acts that have<br />
been specifically selected by the overseas<br />
showcases. Supported by Arts Council England<br />
and UK Trade & Industry, British Music<br />
Abroad is aimed at those who are making<br />
waves in the UK and who are ready to make<br />
a broader international impact. Showcasing<br />
events raise the profile of new British<br />
music on an international stage. It increases<br />
the potential for international live<br />
bookings and increased record sales for the<br />
acts involved. Recent acts which have been<br />
supported to go to international showcases<br />
include: The Pipettes, Bone-Box, Pete &<br />
the Pirate, iLikeTrains, Soweto Kinch Band,<br />
Lou Rhodes, KavaKava, The Killerheels<br />
and Karima Francis. The next application<br />
deadline for British Music Abroad for acts<br />
is 7 May 2007. This is the final deadline to<br />
acts primarily selected to attend Montreal<br />
Jazz Festival and Popkomm. Full details<br />
about this financial support (British Music<br />
Abroad) can be found on:<br />
www.prsfoundation.co.uk<br />
The Pipettes has been supported by PRS Foundation<br />
Having the right tools for the job is often the key to success. Through our ongoing communication with key Live<br />
Entertainment Industry Professionals, we have developed a range of services to meet the demands of agents, promoters,<br />
talent buyers, venue bookers etc. It’s no coincidence that we are now considered to be the No. 1 information<br />
provider for this thriving industry.<br />
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<strong>VIP</strong>-<strong>Booking</strong>.com<br />
Launched nearly 5 years ago, <strong>VIP</strong>-<strong>Booking</strong>.com is now the most<br />
widely used online information service for the European Live<br />
Entertainment Industry with subscribers in over 25 countries.<br />
Using the latest technology and state of the art tools, the service<br />
provides in-depth information streamlining the day-to-day operations<br />
of industry professionals, saving both time and money.<br />
The <strong>VIP</strong>-Book<br />
The ultimate print directory for the European<br />
Entertainment Industry, packed<br />
with contacts and easy to use. An essential<br />
reference book for every office<br />
providing basic contact information<br />
and a solid overview.<br />
<strong>VIP</strong>-News<br />
Written by our highly merited journalists, Allan<br />
McGowan and Manfred Tari, with over 50<br />
years of experience between them in the Entertainment<br />
Industry, <strong>VIP</strong>-News brings the latest<br />
news and views directly to your computer<br />
keeping you up to date at all times.<br />
<strong>VIP</strong>-BOOKING.COM THE <strong>VIP</strong>-BOOK <strong>VIP</strong>-NEWS<br />
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<strong>VIP</strong>- News - A p r i l 2 0 0 7<br />
Business News<br />
Manfred Tari mt@vip-booking.com<br />
It appears that there weren’t too many bookkeepers at ILMC 2007. Straight after the Conference there was a rush for ad hoc<br />
releases by the corporate concert companies. All five stock market listed companies had to report something, sometimes big,<br />
sometimes small news, but something!<br />
So please see for yourself how these Live Music companies performs-ed on the stock markets:<br />
The Lion Tamer as Impresario<br />
With the 2006 business report released<br />
on March 27 CTS Eventim has once again<br />
topped itself. The company achieved the<br />
best results since CTS undertook the IPO<br />
on February 1, 2000.<br />
With only 108 pages, this report is 28pages<br />
less than the Live Nation report. But<br />
CTS Eventim returns a higher profit than<br />
Live Nation. The company reported group<br />
earnings of 23.5 million Euro (2005/ 15.9)<br />
generated out of a turnover of 342.9 million<br />
Euro (2005/ 256.2). In the long term<br />
retrospective CTS Eventim has doubled its<br />
revenue when you consider that for 2000<br />
the reported turnover was 156.5 million<br />
euro. The earnings per share rose from<br />
0.66 in 2005 to 0.98 Euro.<br />
The management will propose payment<br />
of a dividend of 0.49 Euro per share to its<br />
share holders at the annual general meeting<br />
to be held on June 8, which is a total<br />
amount of 11.8 million Euro. About 20 million<br />
should be invested for the expansion<br />
of the Company.<br />
The Ticketing unit gained a revenue of<br />
about 99.3 million Euro (2005/ 64.3) and<br />
Earnings before Interests & Taxes (EBIT) of<br />
31.1 million Euro (2005/ 19.3). The Live Entertainment<br />
unit raised the revenue from<br />
194.6 in 2005 to 247.2 million Euro.<br />
CTS Eventim meanwhile employs a staff of<br />
720. The top earner was Klaus Peter Schulenberg<br />
with income declared at 911,536<br />
Euro. In Germany it is still quite unusual<br />
that the stock market listed companies<br />
report on the income of top managers.<br />
While in the US the Sarbanes Oxley Act<br />
is compulsory for Public companies, the<br />
German stock market listed companies<br />
only have to follow recommendations<br />
that are given within the German Corporate<br />
Governance Codex.<br />
In the outlook for 2007 CTS Eventim announced<br />
maintaining an expansion policy<br />
that mainly focuses on the “systematic<br />
acquisition of European ticketing providers<br />
outside of Germany”. In terms of content<br />
fields to drive the ticketing business<br />
forward CTS Eventim would also like to<br />
expand into sports areas such as Formula<br />
One, Winter Sports, Handball and of<br />
course Football.<br />
Something often underestimated is the<br />
fact that Schulenberg managed to assemble<br />
most of the leading German promoters<br />
such as Koopmanns, Lieberberg,<br />
Rieger and Semmelmann under one roof<br />
and still keeps them there.<br />
Currently the share price is 30.12 Euro,<br />
twelve months ago it was 27.93 Euro.<br />
Efforts and the Wish for More<br />
The DEAG share is rising. So far the company<br />
has only released a preliminary<br />
report for the business year 2006. With<br />
revenue of 83 million Euro DEAG is doing<br />
better than the year before whenit was<br />
66 million Euro. The turnover of DEAG is<br />
adjusted and does not include sales figures<br />
of Marshall Arts and the venue Berlin<br />
Wintergarten in the last quarter 2006. The<br />
prognosticated EBIT is expected to be 3.0<br />
million Euro. DEAG furthermore informed<br />
that in 2006 the company had been able<br />
to reduce debts and loans of about 29<br />
million Euro. For 2007 DEAG predicted a<br />
revenue target of about 100 million Euro<br />
and EBIT of about 6 million Euro.<br />
Currently the figures for 2005 are under<br />
a routine scrutiny by the German Office<br />
of Auditing (Deutschen Prüfstelle für das<br />
Rechnungswesen). The audited business<br />
report is expected to be released around<br />
April 20.<br />
First Berlin currently recommends a ‘Buy’<br />
for DEAG shares and predict a share price<br />
target of 3.05 Euro. SES Research expects<br />
a share price target of about 2,70 and<br />
maintains its recommendation to ‘Buy’.<br />
Currently the share price is 2.03 Euro.<br />
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<strong>VIP</strong>- News - A p r i l 2 0 0 7<br />
Shopping and a Speculative Element<br />
Mama Group PLC is progressing. The company<br />
issued three press releases that indicate<br />
that something is happening. The first<br />
was released earlier in March, announcing<br />
that Mama had bought a 75 percent stake<br />
of the music publishing company Pollination<br />
Music Limited at the purchase price<br />
of £140,000. The Pollination catalogue<br />
includes worldwide publishing rights for,<br />
amongst others, producers such as Tore<br />
Johansson (Franz Ferdinand and The Cardigans<br />
) and Valgeir Sigurdsson(Bjork) and<br />
the composer Carsten Kroeyer. The company<br />
also administrate repertoire for Paul<br />
Oakenfold and Perfecto Music.<br />
On March 30 Mama announced their intention<br />
to acquire the Hammersmith Apollo<br />
from Live Nation for £13 million. To finance<br />
the deal Mama intends to issue 240,000,000<br />
ordinary new shares for 5 Pence each,<br />
worth around £12 million. According to<br />
the company these shares will supposedly<br />
be bought mainly by institutional investors.<br />
Mama furthermore declared that the<br />
number of new shares to be issued could<br />
be reduced depending on negotiations<br />
with the banks. Whatever the minimum<br />
number of shares to be placed on the market<br />
would be around 160,000,000 worth<br />
about £8 million.<br />
»The Hammersmith Apollo<br />
is a landmark venue in<br />
London and an important<br />
location for live music and live<br />
entertainment«<br />
- Adam Driscoll/Dean James<br />
To obtain the backing for this deal Mama<br />
have called a shareholders extraordinary<br />
general meeting to be held on April 25.<br />
In a joint statement Adam Driscoll and<br />
Dean James, Co-Chief Executives of Mama<br />
said: “The Hammersmith Apollo is a landmark<br />
venue in London and an important<br />
location for live music and live entertainment<br />
ranging from gigs by multi-platinum<br />
award-winning recording artistes such as<br />
the Pet Shop Boys, Bruce Springsteen and<br />
Travis through to plays and comedy tours<br />
such as Little Britain and Ricky Gervais. The<br />
Apollo represents an excellent addition to<br />
our expanding live music division”.<br />
The capacity of the Hammersmith Apollo<br />
is 5035 persons. In the annual business report<br />
2006 by Live Nation the venue is listed<br />
under assets with a 125 years lease due to<br />
expire on March 24, 2089. Sometimes these<br />
sorts of deals have something in common<br />
with science fiction, haven’t they<br />
On March 23, between these two news<br />
releases, Mama released a statement referring<br />
to the raised share price. While for<br />
the last seven months it had constantly remained<br />
at a level just a little above 3 Pence,<br />
the share price jumped from March 23 and<br />
the following days up to 7 Pence. Within<br />
this ad hoc release Mama confirmed that<br />
negotiations for a possible take over were<br />
going on. Meanwhile the share price came<br />
down again to 6.59 Pence.<br />
A Call for Patience<br />
On March 29 Sanctuary the shareholders<br />
of Sanctuary undertook their Annual<br />
General Meeting. One of the outcomes<br />
was the company report that the former<br />
360 degree strategy is definitely now history.<br />
The Recorded Product, Merchandising<br />
and Artist Services Company sectors<br />
will operate autonomously from as stand<br />
alone units. Besides this Sanctuary declared<br />
that it would restructure its division<br />
Recorded Product in the US to better<br />
serve the market demands there.<br />
Nevertheless the main message of Sanctuary<br />
was: “We confirm that we are making<br />
good progress with our programme of<br />
strategic disposals. As we have previously<br />
stated, it will be 2008 or later before there<br />
is a return to overall profitability.” Currently<br />
the share price for SGP is 12.75 Pence.<br />
Sanctuary<br />
7<br />
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When the Rate of Return is not in Line with<br />
the Revenue<br />
On March 23 Live Nation (LYV) revealed<br />
their business report for 2006. The ultimate<br />
concert company produced a mega<br />
turnover and reported a loss.<br />
The report is probably very entertaining<br />
for those who love to read endless columns<br />
of figures and those who are familiar with<br />
the Sarbarnes Oxley Act. This law was ratified<br />
in 2002 and is the regulative response<br />
to several awkward financial scandals in<br />
the years before.<br />
In terms of the live music industry it is a 136<br />
pages masterpiece that very well documents<br />
almost every risk and unforeseeable<br />
difficulty that could affect this business.<br />
Besides this the report furthermore explains<br />
the recent share price development.<br />
In short, while the revenue jumped<br />
in 2005 from $2.936.845 up to $3.691.559<br />
billion, Live Nation had to report a net loss<br />
of $31.442 million, which is a loss per share<br />
of $0.48. Nevertheless the loss in 2006 is<br />
significantly smaller than the year before<br />
where the net loss was $130.619 million.<br />
Live Nation reported debts of $679.1 of<br />
which 607.425 million are long term debts.<br />
As net book value for property and equipment<br />
the company reported $876.2 million,<br />
while the total assets are indicated<br />
with $2.225.002 billion.<br />
As part of a share repurchase program Live<br />
Nation bought 3.4 million shares back for<br />
$42,7 million. Investors could expect no<br />
payment of dividends in the near future as<br />
the Company declared that it would prefer<br />
to invest in the expansion of the company.<br />
Within the sectors the situation is that in<br />
2006 Event Live Nation gained revenue<br />
of $2.932.720 billion (2005/2.226.176) and<br />
an operating loss of $77.355 million USD<br />
(2005/114.954).<br />
The number of events was up to 16299<br />
compared with 14448 in 2005, of which<br />
923 events was held in amphitheatres<br />
owned or operated by Live Nation.<br />
As highlights Live Nation stated the acquisition<br />
of majority stake holdings in CPI in<br />
May 2006, (tours of Rolling Stones, Barbara<br />
Streisand and The Who), the purchase of<br />
51 percent in Trunk Merchandising in June<br />
2006 and the acquisition of Gamerco SA in<br />
Spain.<br />
The results for Venues and Sponsorship<br />
were $635,753 million (2005/535.870) and<br />
an operating income of $47.310 million<br />
(2005/84.498).<br />
As a highlight for this division Live Nation<br />
referred to the acquisition of House<br />
of Blues in November for 354 million (360<br />
million including financing fees)<br />
The Digital Distribution unit seems to be a<br />
gold mine. The revenue was £99.000 million<br />
(2005/72.576) and operating income<br />
was $74.586 million (2005/66.086). As<br />
revenue gains Ticketmaster alone contributed<br />
81.9 million for ticket service charge<br />
rebates. The unit launched the web site<br />
livenation.com in June 2006 and reported<br />
that all intended features will be implemented<br />
and completed in 2007.<br />
To underline what sort of an entertainment<br />
monster Live Nation really is it makes<br />
sense to take a look at the visitor figures:<br />
for music events the company attracted<br />
36.565.000 attendances, divided between<br />
North American Music: 24.730.000<br />
: International Music 8.921.000 and Global<br />
Touring with 2.914.000 attendances.<br />
The Total number was 59.947.000 visitors<br />
(2005/58.694.000) including Theatrical,<br />
Motor Sports, Exhibitions & Sport events.<br />
For the files Live Nation also mentioned<br />
the purchase of 51 percent of Jackie Lombard<br />
Productions and the sale of the Donington<br />
Park in England in January 2007.<br />
But how does this business report affect<br />
the share price The answer is a backlash:<br />
the share of Live Nation did pretty well in<br />
March 2007, where it went easily over the<br />
$25 border (52 week peak $25.63). After<br />
the release of the report the share melted<br />
down to just $21.29 and a market capitalisation<br />
of $1.4 billion.<br />
However, early bird investors may still be<br />
pleased with the development. At the end<br />
of December 21, 2005 when the Live Nation<br />
share went on sale after the company<br />
separated from Clear Channel the closing<br />
price was $10.85<br />
8<br />
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SXSW 2007<br />
Allan McGowan am@vip-booking.com<br />
This was I think my sixteenth SXSW,<br />
and there is no getting away from the<br />
fact that things have changed radically<br />
over the years since the first in 1987.<br />
The event has become huge, figures<br />
so far seem to indicate a delegation of<br />
around 11,000 for this year’s 21 st edition,<br />
and this number of course does<br />
not include the vast number of ‘punters’<br />
who descend upon Austin to buy<br />
the wristbands that provide admission<br />
to the shows – space permitting.<br />
It is not just the Conference/Festival<br />
that has grown; each year there are<br />
new buildings in the City, the traffic<br />
has magnified beyond belief, and<br />
there are now many more Hotels to<br />
be fully booked out way in advance of<br />
SXSW’s March occupation of the Texas<br />
State Capital.<br />
There is no way that you can take in all<br />
of the goodies on offer at SXSW; you<br />
have to learn to be selective, and to plan<br />
up front. Even then you can be tempted<br />
away from your schedule by that unexpected<br />
party invitation, or that seductive<br />
whisper of something ‘not to be<br />
missed’ from someone in the know,<br />
or perhaps not, or simply because you<br />
turned up too late and the badge queue<br />
winds around the block, or the capacity<br />
has already been reached. (Luckily the<br />
Iggy & The Stooges show at Stubbs became<br />
badge only and I managed to get<br />
in to see a man even older than myself<br />
fling himself into the audience during<br />
the very first number!).<br />
I’m thinking of setting up an event<br />
within an event called WDWM, which<br />
will allow people to gather and discuss<br />
Rosie Flores played at SXSW 2007<br />
9<br />
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the trauma of ‘What Did We Miss!’some<br />
of us obviously need help –so what if I<br />
missed Booker T & The MG’s, I’ve only<br />
been a fan since the late 60’s! There’ll be<br />
another chance – or will there! You’ll get<br />
over it!<br />
The SXSW organisers are presented with<br />
a dilemma; on the one hand the ever-increasing<br />
numbers are testimony to one of<br />
the greatest success stories in the history<br />
of music trade events, whilst on the other<br />
hand they are totally aware of the problems<br />
that numbers of this magnitude bring<br />
for delegates in terms of accessibility and<br />
comfort. What can they do –tell people not<br />
to come Build more venues Move to a bigger<br />
City None of these really apply, there is<br />
a huge appetite for SXSW and it’s now almost<br />
mythical position as the true gateway<br />
to the fabled riches of the US market, they<br />
will continue to come, there are already<br />
many more venues in Austin than many<br />
bigger Cities, and it’s a genuine Music City<br />
for God’s sake, there’s an inherent atmosphere<br />
that you couldn’t create anywhere<br />
else – people like Austin, as the inhabitants<br />
are keen on saying, ‘Keep Austin weird!<br />
»Apart from opening up two<br />
new venues, this is the first time<br />
we’ve had Direct TV, recording<br />
three days of live broadcast from<br />
within the Conference Centre«<br />
- Roland Swenson<br />
I spoke to SXSW founder Roland Swenson<br />
who said, “We haven’t gathered all the numbers<br />
yet (we were talking whilst SXSW was<br />
still in full flight), I’m sure they are again up<br />
this year, but not by that much, 500 or so. It’s<br />
the increasing international presence that’s<br />
driving the event, the US attendance is pretty<br />
much covered and constant, but there are<br />
far more people coming from the rest of the<br />
world than there used to be.” The Australians<br />
and New Zealanders were out in force<br />
and the UK attendance was way up again,<br />
Lily Allen and Amy Winehouse went down<br />
a storm by the way.<br />
I asked if there were any new innovations<br />
for 2007, Roland told me, “Well, apart from<br />
opening up two new venues, this is the first<br />
time we’ve had Direct TV, recording three<br />
days of live broadcast from within the Conference<br />
Centre, they’ve built two fully dressed<br />
set ups in the Exhibition Halls.” These shows<br />
really did add another dimension to SXSW,<br />
they offered an opportunity to see acts<br />
that you’d missed at their other shows either<br />
live, like in my case, Rachel Fuller with<br />
Pete Townsend and Welsh band The Automatic,<br />
or as many people did, back in their<br />
Hotel rooms on TV after the main shows.<br />
The main thing is that what SXSW do,<br />
they do well, the never ending list of acts<br />
are well chosen, and the other presentations<br />
like the keynote interview with Pete<br />
Townsend was as relaxed, informative and<br />
entertaining as you’re ever likely to get (I<br />
did miss him playing the Steve Marriott<br />
parts on Small Faces tunes like ‘What Ya<br />
Gonna Do ‘Bout it’ with Ian McLagan’s<br />
Bump Band – back to WDWM!). I attended<br />
interviews with Emmy Lou Harris and Ricky<br />
Lee Jones, which were also great. Making<br />
the effort to get up early in the morning to<br />
sit with breakfast in the lounge of The Four<br />
Seasons Hotel was well worth it to see my<br />
favourite singer songwriter Chris Smither,<br />
Roland Swenson Founder of SXSW<br />
followed by the excellent Ozomatli who<br />
had the whole place dancing at an hour<br />
when nobody is stirring at most music<br />
conferences!<br />
SXSW is great for these moments, and<br />
there are many of them, and mainly it’s<br />
great for the people you meet, both in and<br />
out of the conference rooms, you can learn<br />
a lot here. It’s an affirmation that no matter<br />
how much new communication technologies<br />
make it easy for us to sit in one place,<br />
and no matter how many downloads compress<br />
our methods of accessing music, live<br />
music shared with people with a passion<br />
is irreplaceable – so although the threat<br />
of this unique event imploding under its<br />
own weight has to be addressed, the fact<br />
is SXSW is there to be enjoyed, people love<br />
it and even if some decide to take a year<br />
off, there will be no shortage of intrigued<br />
newcomers to take their place.<br />
Now, if I can only work out how to be in<br />
two places at once next year.......<br />
10<br />
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ARTIST AVAILS ››<br />
Alabama 3<br />
Territory: Worldwide<br />
Period: March 2007 Onwards<br />
Agency: Value Added Talent<br />
Agent: Dan Silver<br />
Phone: +44 207 704 9720<br />
E-mail: dan@vathq.co.uk<br />
Homepage: www.vathq.co.uk<br />
Baby Woodrose<br />
Territory: Europe<br />
Period: May/June 2007<br />
Agency: Paperclip Agency<br />
Agent: Hilde Spille<br />
Phone: +31 24 323 9322<br />
E-mail: hilde@paperclip-agency.com<br />
Homepage: www.paperclip-agency.com<br />
Ce’Cile (JA)<br />
Territory: Europe<br />
Period: August 2007<br />
Agency: Kingstone Ent.<br />
Agent: Rolf Radny<br />
Phone: +49 221 941 1204<br />
E-mail: info@kingstone.de<br />
Homepage: www.kingstone.de<br />
Chick Corea & Gary Burton<br />
Territory: Europe<br />
Period: July 2007<br />
Agency: Ted Kurland Associates<br />
Agent: Sean Greene<br />
Phone: +1 617 254 0007<br />
E-mail: sean@tedkurland.com<br />
Homepage: www.tedkurland.com<br />
Happy Mondays<br />
Territory: Europe<br />
Period: June - September 2007<br />
Agency: Surrounded by the Enemy<br />
Agent: Peter Nash<br />
E-mail: gnasher@helterskelter.co.uk<br />
Keith Emerson<br />
Territory: Europe & S. America<br />
Period: July - September<br />
Agency: World Concert Artists Ltd.<br />
Agent: Corrado Canonici<br />
Phone: +44 208 906 6587<br />
E-mail: info@worldconcertartists.org<br />
Homepage: www.worldconcertartists.org<br />
MORE ARTIST AVAILS ON:<br />
WWW.<strong>VIP</strong>-BOOKING.COM<br />
11<br />
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<strong>VIP</strong>- News - A u- gAu spt 2r 0i 0l 52 0 0 7<br />
READERS PAGE ››<br />
Speak out - participate in the debate. The <strong>VIP</strong>-News Reader’s-page is open for letters and contributions from readers.<br />
Consider the <strong>VIP</strong>-News Reader’s-page, as your “speaker’s corner” towards professionals in the entertainment industry all<br />
over Europe. The purpose of the Reader’s-page is to encourage more interaction and to allow our readers to voice their<br />
opinions about the many aspects of our industry. Contributions should be emailed to readerspage@vip-booking.com.<br />
Robbie Wilson Announces Re-Location of R&R<br />
Logistics Ltd<br />
Robbie Wilson is one of the select few,<br />
Scottish of course, celebrated live music<br />
production professionals. He began his<br />
distinguished career in 1970, working<br />
with legendary manager Chas Chandler<br />
and with seminal artists such as Slade, Be<br />
Bop Deluxe and Van Morrison as a Production<br />
and Stage Manager. Later, Wilson<br />
branched out to providing staging and<br />
barriers, as well as event management, for<br />
various companies including Coca Cola<br />
Enterprises, Adidas, and the Harvey Goldsmith<br />
companies<br />
35 years into his career in the Live Entertainment<br />
business, professional Robbie<br />
announces the expansion and re-location<br />
of his business R&R Logistics Ltd to<br />
Pinewood Studios. The Company provides<br />
Robbie Wilson<br />
bespoke services in the management of<br />
every aspect of event production, from<br />
initial site survey, to full budgetary preparation,<br />
Health and Safety analysis through<br />
to on-the-day event management.<br />
Recently, R&R Logistics served as Safety<br />
Consultants and Production Managers<br />
for various live events around the UK including<br />
BBC’s Children In Need, the Radio<br />
1 Roadshows, Edinburgh City Council’s<br />
Hogmanay, Formula 1’s ‘Comes To Regent<br />
Street’ and Dock Rock (attended by 78,000<br />
people). Internationally the Company<br />
handled the Global Health and Safety requirements<br />
for Nokia’s 2006 New Year’s<br />
Eve concert broadcasts in Mumbai, Berlin,<br />
Hong Kong and Rio for Ignition Management.<br />
Personally Robbie Wilson was production<br />
co-ordinator for the Rio event,<br />
which attracted 1m people, and has also<br />
recently worked as production manager<br />
for such artists as Bruce Springsteen and<br />
Dave Gilmore.<br />
Wilson achieved his Health & Safety certification<br />
three years ago. All R&R’s health<br />
and safety staff hold the NEBOSH general<br />
certificate and have a minimum of 10<br />
years field experience. R&R Logistics Ltd<br />
also offers the state of the art Atlas Crowd<br />
Control Barrier System for rental and sales,<br />
a large quantity of which have been sold<br />
to a multitude of venues in the UK and<br />
overseas. Another recent appointment<br />
places R&R as exclusive event consultant<br />
to Fastline Events, a specialist provider of<br />
outdoor Tower Lighting solutions as well<br />
as customised Messing and Welfare Vehicles<br />
to live events.<br />
Contact Information:<br />
Robbie Wilson:<br />
R & R Logistics Ltd, Double Lodge, Pinewood<br />
Film Studios’ Iver Heath’ Buckinghamshire<br />
SL0 OLH UK<br />
(T) +44 (0)1753 654844<br />
(F) +44 (0)1753 655520<br />
(M) +44 (0)7778 158099<br />
(E) info@randrlogistics.co.uk<br />
Letters to <strong>VIP</strong>-News, with the writer’s name and email address together<br />
with a photo (if available), should be emailed to readerspage@vipbooking.com.<br />
Anonymous letters will only be published if the sender is<br />
known to <strong>VIP</strong>-<strong>Booking</strong>.<br />
<strong>VIP</strong>-<strong>Booking</strong> ApS reserves the right to a) edit contributions for reasons<br />
of space or clarity b) deny publication c) add comments where appropriate.<br />
Please aim to limit your letters to 250 words.<br />
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NOTICE BOARD ››<br />
Speak Another out new - participate service in in the the improved debate. and The redesigned <strong>VIP</strong>-News Reader’s-page <strong>VIP</strong>-News is the is open Notice-board, for letters which and contributions is available for from all readers.<br />
Consider Reader’s messages the <strong>VIP</strong>-News will Reader’s-page, be posted on the as your Notice-board “speaker’s as corner” a free service, towards passing professionals on announcements, in the entertainment job postings, industry buying<br />
and Europe. selling The notices, purpose inquiries of the Reader’s-page or alike. Announcements is to encourage should more be interaction emailed to noticeboard@vip-booking.com<br />
and to allow our readers to voice their<br />
all<br />
over<br />
opinions about the many aspects of our industry. Contributions should be emailed to readerspage@vip-booking.com.<br />
The second edition of the South-East European Music<br />
Еvent (SeeMe) will be held from 17 th – 19 th May 2007<br />
in Sofia<br />
“SeeMe showed the seeds that when planted<br />
will bear tremendous fruit. Bulgaria is ripe<br />
for the harvest and now we have to nurture<br />
them and help them to grow into a lush, verdant<br />
musical garden.”<br />
Peter Harris / Kickin’ Music Group<br />
One year has almost passed since SeeMe<br />
(South-East European Music Event) presented<br />
Sofia as the centre of electronic<br />
music culture in South-Eastern Europe<br />
and earning the Bulgarian capital a well<br />
deserved place on the world dance music<br />
map.<br />
This year’s event will be held from 17 th to<br />
19 th May and for 3 days and nights Sofia<br />
will open its doors for DJs, producers, club<br />
promoters, label managers, industry professionals<br />
and the numerous fans of the<br />
electronic music. SeeMe was conceived to<br />
create a connection between the industry<br />
professionals in the region, but it’s mostly<br />
about a crossover between different styles<br />
and cultures. SeeMe is a great platform for<br />
industry professionals and dance music<br />
fans alike to join together, exchange ideas<br />
and keep up-to-date with the latest trends<br />
and developments.<br />
With three basic components – conference,<br />
exhibition and festival, SeeMe promises<br />
to satisfy all needs and that everyone will<br />
find something of interest. The conference<br />
and exhibition will supply an extremely diverse<br />
environment during the day, which<br />
will be followed by in credible parties that<br />
will rock right through the night.<br />
The event completely meets the main objective<br />
of the organizers: to demonstrate<br />
the creative potential of the region and to<br />
connect it with the best international artists/DJ’s<br />
that Europe and the world has on<br />
offer. SeeMe rises to these two challenges<br />
and with the local and the global creativity,<br />
the professionals and the dedicated<br />
fans – hopes to meet the expectations of<br />
everyone.<br />
Conference – seminars, discussions<br />
and workshops, commenting on the newest<br />
themes in the music industry. It will offer<br />
to the participants to get acquainted<br />
with the ways of producing, administrating,<br />
management, media relations and<br />
music law.<br />
Exhibition and networking area – the<br />
companies and representatives of the music<br />
industry will focus your attention on<br />
new products and services. This area will<br />
give perfect opportunities for ideas and<br />
information exchange, as well as to create<br />
new contacts. In the evening hours young<br />
upcoming DJ’s will perform.<br />
Festival – SeeMe is dedicated to bringing<br />
the public into contact with the very<br />
best artists/DJ’s from the electronic music<br />
scene that the world has to offer.<br />
The Conference Package costs only 75<br />
EUR if you register before 20th April (and<br />
85 EUR after) and provides access to the<br />
conference, contact zone, database, exhibition<br />
and networking area, as well as<br />
entrance to all the official SeeMe parties.<br />
There is also a 3-day party package for<br />
fans, which provides access to the official<br />
SeeMe parties only. The price is 25 EUR before<br />
20th April (30 EUR after). To register<br />
and for more information go to:<br />
www.seeme-sofia.com<br />
<strong>VIP</strong>-<strong>Booking</strong> ApS cannot be held responsible for loss or damages<br />
incurred as a result of transactions with individuals or companies<br />
through the notice board. We recommend all to make the necessary<br />
enquiries before entering into any agreements.<br />
<strong>VIP</strong>-<strong>Booking</strong> ApS may not, for reason of space, be able to post all<br />
announcements received. Announcements should be emailed to<br />
noticeboard@vip-booking.com, including name and email address.<br />
Please shorten your message to the extent possible, to make room for<br />
as many notices as possible.<br />
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MEMBER PRESENTATION ››<br />
In this section we offer members of <strong>VIP</strong>-<strong>Booking</strong>.com some space to present their company to <strong>VIP</strong>-News readers.<br />
If you would also like to present your company please contact Peter Briggs at pb@vip-booking.com<br />
Sziget Festival<br />
Sziget festival is the biggest musical and cultural festival in Central<br />
Europe–a seven-day multicultural expo offering more than<br />
800 programs on more than 30 venues. Sziget means island in<br />
Hungarian and the festival, in addition to being on an island in<br />
the heart of Budapest, is an island in the metaphorical sense.<br />
Sziget has a unique atmosphere: it is a meeting place, a musical<br />
and cultural show, a life-style, an enormous cafe and party place,<br />
a place of learning about the world and each other. No matter<br />
what style of music you like listening or dancing to, you will find<br />
the place of your taste. You can enjoy performances, shows, you<br />
can party and dance or just walk around and gaze at the ever-increasing<br />
flow of interesting and different people passing by.<br />
David Bowie, Apollo 440, Motörhead, Toy Dollz, Rollins Band,<br />
Chumbawamba, Faith No More, Foo Fighters, New Model Army,<br />
Cardigans, DEUS, Boney M, Shane McGowan, Coolio, Trans-global<br />
Underground, Rammstein, Mory Kante, Goldie, Patti Smith,<br />
Green Day, Brand New Heavies, Kool and the Gang, Suede, Faithless,<br />
Guano Apes, Jovanotti, Baaba Maal, Apocalyptica, The Klezmatics,<br />
Liquido, Rachid Taha, Paradise Lost, Asian Dub Foundation,<br />
Suzanne Vega, Mambo Kurt, The Bloodhound Gang, Lou<br />
Reed, HIM, Bad Religion, Oasis, The King, H Blockx, K”s Choice,<br />
Bomfunk MC’s, Noir Desir, Run DMC, Fun-Da-Mental, Morcheeba,<br />
Leningrad Cowboys, Frestylers, Incognito, Eagle-Eye Cherry,<br />
Ash, Placebo<br />
From the beginning in 1993 until 2001 Sziget’s capacity has<br />
grown from 43,000 to over 360,000 over the seven days of the<br />
event presenting stars such as Jethro Tull, Ten Years After, Jefferson<br />
Starship, Byrds, Blood, Sweat and Tears, Eric Burdon, Stranglers,<br />
Jeff Healey, Clawfinger, Slash, The Bates, Stone Roses, Iggy<br />
Pop, The Prodigy, The Levellers, Sonic Youth, Therapy,Galliano,<br />
About Our Company<br />
<strong>VIP</strong>-<strong>Booking</strong>’s core product is the Internet’s oldest and largest database<br />
for the European Live Entertainment Industry www.vip-booking.com<br />
developed as a tool for industry professionals. Since it’s<br />
launch in the year 2000, we have consistently offered our subscribers<br />
the very best in database services and now boast subscribers in<br />
over 30 countries.<br />
Today <strong>VIP</strong>-<strong>Booking</strong> offers a range of tools for the industry – including<br />
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