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Are djs are the only ones making money in this enconomy?
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| ftse1000 |
| With Wall Street, Banking, Construction, Auto, Retail, Real Estate, Health Care, High Tech jobs all gone to dumpster. I don't hear any djs are short of booking, maybe is the only recession proof profession after all. |
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| junkproject |
| the oldest profession is. |
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| 2tall |
| i think it's coming. at least here in SF, i think there are too many mediocre promoters, djs and venues that have been too lucky the last few years. even in better times a couple years ago, the crowds were getting too thin being spread out across all the events. the crappy stuff needs to be weeded out. |
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| TSG |
| Top DJs' pay NEEDS to be cut! |
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| Randy S |
I've noticed a few negative implications resulting from economic hardships in regards to EDM bookings.
In no particular order:
a) Gigs that are negotiated in the EURO 5 months ago at a rate of 1.5 are now worth a lot less dollars (1.2 or worse). This could be the difference in thousands of dollar lost in conversion. This is why it's important for contracts to specify converted USD amounts when they are issued - to protect the artist and promoter in case the economy does better or worse.
b) While its true that the economy is hurting nearly everyone right now, many people are using that excuse to their advantage as an attempt to deflate gig fees. This hurts the overall gross earning potential.
c) Overall the bigger acts aren't having a difficult time getting booked, but in some cases, it is difficult to get the same price as last year. Many promoters go out of pocket on the DJ to guarantee the same price as last year and pray that the night works out. It is the mid-level DJs that are suffering the most in terms of fee. If club goers are hurting for cash, budgets are strapped. |
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| DjWoody |
| I noticed my clubs have a thinning crowd. Some nights are sold out and some are not. It used to be sold out every saturday for the last 5 years. |
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| jonmitz |
i lose money... i buy too much music...
i have the ultimate money sink: DJing + student
anyone have a job for a soon to be EE grad from USC? :) |
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| able.h |
| quote: | Originally posted by TSG
Top DJs' pay NEEDS to be cut! |
+1! :) |
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| HotDogWater |
| quote: | Originally posted by jonmitz
i lose money... i buy too much music...
i have the ultimate money sink: DJing + student
anyone have a job for a soon to be EE grad from USC? :) |
it's possible, pm me with more info on when you grad, etc. |
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| drEamer |
| quote: | Originally posted by TSG
Top DJs' pay NEEDS to be cut! |
simple.....dont go! then the price will come down eventually |
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| Cool1g |
| quote: | Originally posted by Randy S
I've noticed a few negative implications resulting from economic hardships in regards to EDM bookings.
In no particular order:
a) Gigs that are negotiated in the EURO 5 months ago at a rate of 1.5 are now worth a lot less dollars (1.2 or worse). This could be the difference in thousands of dollar lost in conversion. This is why it's important for contracts to specify converted USD amounts when they are issued - to protect the artist and promoter in case the economy does better or worse.
b) While its true that the economy is hurting nearly everyone right now, many people are using that excuse to their advantage as an attempt to deflate gig fees. This hurts the overall gross earning potential.
c) Overall the bigger acts aren't having a difficult time getting booked, but in some cases, it is difficult to get the same price as last year. Many promoters go out of pocket on the DJ to guarantee the same price as last year and pray that the night works out. It is the mid-level DJs that are suffering the most in terms of fee. If club goers are hurting for cash, budgets are strapped. |
Currency risk is something all major international corporations have to finance departments to deal with - maybe the big DJ agencies should start hedging the fees their guys get? possibly Windish or AMOnly could justify that....
....also, i think most bigtime US promoters/clubs negotiate their fees in $ to remove the risk to them...
and the #s i have seen regarding restaurant/club revenues seem to suggest as 20% decrease in gross on average in the past year - obviously the clubs will lower their offers to the booking agents to account for that. |
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