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WWW.<strong>VIP</strong>-BOOKING.COM<br />

<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 />

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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 />

4<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 />

5<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 />

6<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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<strong>VIP</strong>- News - A p r i l 2 0 0 7<br />

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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<strong>VIP</strong>- News - A p r i l 2 0 0 7<br />

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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<strong>VIP</strong>- News - A p r i l 2 0 0 7<br />

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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<strong>VIP</strong>- News - A p r i l 2 0 0 7<br />

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 />

12<br />

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<strong>VIP</strong>- News - A u- gAu spt 2r 0i 0l 52 0 0 7<br />

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 />

13<br />

<strong>VIP</strong>-BOOKING.COM


<strong>VIP</strong>- News - A p r i l 2 0 0 7<br />

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 />

<strong>VIP</strong>-News, <strong>VIP</strong>-<strong>Booking</strong>, <strong>VIP</strong>-Book and <strong>VIP</strong>-Contract.<br />

Please visit vip-booking.com for further information.<br />

Your comments and suggestions are always appreciated.<br />

®<br />

vip-booking.com<br />

14<br />

<strong>VIP</strong>-BOOKING.COM<br />

<strong>VIP</strong>-BOOKING.COM | 26 York Street | UK - London W1U 6pZ | Phone +44 870 755 0092 | Fax +44 870 622 1953 | e-mail: vip@vip-booking.com<br />

<strong>VIP</strong>-BOOKING.COM

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