Question

a split is the percentage of the money charged for admission by the club or venue and can be a substitute for an up-front fee -- although often there will be a guarantee against a percentage if the artist or band has clout in the marketplace.

Answer 1

That statement is generally correct.

Step-by-step explanation:

In the context of live music performances, a "split" refers to the division of revenue between the performer(s) and the venue/promoter. Instead of paying an upfront fee to book the performance, the performer and venue agree to split the revenue from ticket sales or other sources of income generated by the event. The split is typically expressed as a percentage, with the performer(s) receiving a certain percentage of the revenue and the venue/promoter receiving the remainder. The percentage split can vary depending on factors such as the popularity of the performer, the size of the venue, and the expected attendance at the event.

In some cases, a performer with significant clout in the marketplace may be able to negotiate a guarantee against a percentage split. This means that the performer is guaranteed a minimum amount of money regardless of how many tickets are sold or how much revenue is generated. However, guarantees are typically reserved for more established or popular performers and may not be available to up-and-coming artists.

Answer 2

Exactly! In the context of the music industry, a split refers to the percentage of revenue that is allocated to different parties involved in a performance or event. Typically, the split represents the portion of the money charged for admission that goes to the club or venue hosting the event. This split arrangement can sometimes act as a substitute for an upfront fee paid by the artist or band to secure the performance opportunity. However, in cases where the artist or band has significant influence or market power, there might be a guarantee against a certain percentage, ensuring they receive a minimum payment regardless of ticket sales or venue revenue.