Cost Of A Music Festival

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Music festival financial requirements generally fall into three areas:
* Management: administration costs, office rental, telephone, staff wages.
* Event cost, may include, development, venue hire, visual arts, fees to performers, travel, accommodation and subsistence expenses, event logistic and equipment, ticketing, catering and insurance (it is a major part of the budget, in 2013 is estimated costs grow about 20% thousand, mainly because the artists rates have risen, according to Forbs (2010), artist rates may absorb even to 65% of total budget).
* Promotion, costs may include market research and planning, website and social media, media liaison, design and print of promotional materials; distribution advertising and evaluation.
Music festival has several potential sources of income:
* Tickets, workshop, cinema fees and other audience payments
* Sponsors such as: City host, The Ministry of Culture and National Heritage, Red Bull Music Academy, and other business such a Planate plus and Universal are sponsorship of festival (Kowalski, 2012).
* Advertising on promotional materials. .
* Festival souvenirs, like mugs, T-shirts, posters, with the festival slogan and logo.
* Commission on art and craft sales.
More detailed calculations of income …show more content…

However in last year Poland organized Euro 2012, through this Audioriver has experienced decrease in funding because companies engage in sponsorship of the football event. Therefore the festival in 2013 may expect an increase in sponsorship by about 10%, moreover, are taking place negotiations with the council of Plock, relating to financing increase by half (Kowalski, 2012). City of Plock gains as the host about 1 million pounds, flowing from the expenditure of tourists participating in the festival, moreover gaining invaluable town promotions. For comparison, a similar OFF festival in Katowice from the city receives about 500 thousand pounds (gazetaprawna,

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