Tour managers are hired by booking agents or artist managers to organize logistics, personnel, communications, and schedules for concert tours.
Managers' commissions are typically between 15 to 20% of an artist's gross income. Whether it's 15% or 20% really depends on the level of the band and the bargaining power of each party. I've seen some net deals, but they are extremely rare. That being said, I always push for a net commission on merchandise.
5 Must-Have Clauses in Artist Management Contracts Commission Rates. Term Length in Management Agreements. Decision-Making Authority. Sunset Clause (place after Term) ... Exclusivity.
Common Sections in Artist Management Agreements ARTIST MANAGEMENT AGREEMENT. BACKGROUND. Services Of The Manager. Rights And Authority Of The Manager. Term. Compensation. Accounting. Expenses.
A business management agreement formalizes the working relationship between a business and its manager. The contract will include information such as budgeting, the percentage of business revenue owed to the manager, and confidentiality requirements.
Here are the basic steps you can take to become a tour manager: Pursue relevant education. Some employers may require a bachelor's degree, while others need only a high school diploma or certificate. Gain experience. Develop a professional network. Perfect your social skills. Identify a mentor.
Most employers prefer a degree in business management, music, communication, marketing, entrepreneurship or a related area. To stand out among the competition, additional recommended courses include psychology, business law, logistics, accounting or tourism and travel management.
As modern concert touring involves complex financial, legal and technical arrangements, the booking agent or artist manager hire a tour manager to organize the logistics, personnel, communications and schedule. Concert tour managers are usually freelancers working on a tour-by-tour basis.
Top 10 Tour and Band Management Schools College/UniversityLocationDegrees Offered Syracuse University Syracuse, NY Bachelor's William Patterson University Wayne, NJ Bachelor's, Master's University of Colorado Denver Denver, CO Bachelor's University of Miami Coral Gables, FL Bachelor's, Master's6 more rows
An Artist Management Agreement is used by a personal manager to contract with a recording and performing musical artist to set the terms for managing the artist's career. The manager receives a percentage of all the income generated by the artist for the management services provided.