Just thinking about numbers...
So the biggest magic internet money conference is underway, attracting some big names from the world's of politics, finance and business plus tens of thousands of everyday people... A V4V music event takes place as part of it.
A band performance brings in 450,000 sats, approx $370 in zaps. I don't know if musicians are on splits for the door/bar income or getting a fixed fee from the promoter for their labour but I sincerely hope so as $370 split between a band isn't great.
I really dig the idea of V4V and I sincerely want these type of events to work for all concerned, be that headline artist, promoter, sound/lighting techs, bar staff, everyone involved. Now you could say 'we're so early' but not so early not to have the president of the USA and the head of the FBI speak at these events. It's a long way from Andreas Antonopoulos speaking to an empty hall.
Respect to all those trying to make a change for the industry, it is pretty corrupted in all kinds of ways but if I were a musician, travelling all the way to Las Vegas, playing to a packed hall, and I got $95 I'd be pretty disappointed and probably unable to pay the bills when I got home.
Hopefully there's more to this arrangement and that 450,000 SATs is a bonus on top of a fair fee...
Putting on music events is expensive and hard work, by the time you account for travel arrangements, acomodation, promotion, taxes, management fees etc. etc. what seems like a big headline number dwindles into not much for the players on stage.
I don't know the runnings of the gig, if it was ticketed or if the musicians also got a fee but on those numbers I really hope so.
Big up all involved. I hope it covered your time appropriately.
So the biggest magic internet money conference is underway, attracting some big names from the world's of politics, finance and business plus tens of thousands of everyday people... A V4V music event takes place as part of it.
A band performance brings in 450,000 sats, approx $370 in zaps. I don't know if musicians are on splits for the door/bar income or getting a fixed fee from the promoter for their labour but I sincerely hope so as $370 split between a band isn't great.
I really dig the idea of V4V and I sincerely want these type of events to work for all concerned, be that headline artist, promoter, sound/lighting techs, bar staff, everyone involved. Now you could say 'we're so early' but not so early not to have the president of the USA and the head of the FBI speak at these events. It's a long way from Andreas Antonopoulos speaking to an empty hall.
Respect to all those trying to make a change for the industry, it is pretty corrupted in all kinds of ways but if I were a musician, travelling all the way to Las Vegas, playing to a packed hall, and I got $95 I'd be pretty disappointed and probably unable to pay the bills when I got home.
Hopefully there's more to this arrangement and that 450,000 SATs is a bonus on top of a fair fee...
Putting on music events is expensive and hard work, by the time you account for travel arrangements, acomodation, promotion, taxes, management fees etc. etc. what seems like a big headline number dwindles into not much for the players on stage.
I don't know the runnings of the gig, if it was ticketed or if the musicians also got a fee but on those numbers I really hope so.
Big up all involved. I hope it covered your time appropriately.
123❤️7❤️1👀1