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Entries in band finances (2)

Monday
Jul032017

Creating A Band Agreement: What You Need To Know

This guest post by Canadian entertainment lawyer Byron Pascoe originally appeared on the Bandzoogle Blog

Being a musician is a business. If you’re in band, one of the most important elements of organizing your business, is having an effective band agreement.

Without agreement among the members of your band, whether verbal, written on a napkin (is that still done?), texted, or written by an entertainment lawyer (shameless plug), some key issues will need to be negotiated at a time when perhaps not everyone is acting reasonably. Or you may need to rely on the law, which may not provide appropriate solutions for your situation.

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Wednesday
Sep022015

How To Pre-Plan & Manage Your Band's Tour Finances

When indie music duo Pomplamoose went on 28-day tour in fall 2014, they sold just under $100,000 in tickets. With merchandise sales and a sponsorship from Lenovo, they pulled in a total of $135,983. However, after paying for publicity, payroll, production, hotels, food, travel, commissions, merchandise manufacturing, and other costs, total tour expenses added up to $147,802. Pomplamoose ended up putting $11,819 on credit cards to cover the cost of their own tour.

Fortunately, Pomplamoose was expecting a loss

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