LIVE NATION HAVE JUST CHANGED THE MUSIC INDUSTRY FOREVER: What This Means For You

Опубликовано: 04 Январь 2025
на канале: Damian Keyes

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Today I'm bringing you the news that the global promoter Live Nation announced via a memo to live agents that they would be reducing fees (alongside other stipulations) paid to artists by 20%, with an aim to also renegotiate thousands of shows that are postponed to 2021.

Everyone has been hit this year, but it seems that musicians will be taking the brunt of it with this one, and I'm not worried about massive artists like the Foo Fighters, they'll be just fine! I'm worried about how this looks for up and coming artists like yourselves, where income from festivals helps you stay afloat and enables you to grow.

NOTE: Since recording this video, Live Nation has spoken to a publication and said they are the artist friendly company, and in retrospect, the 20% factor shouldn't have been there. We'll see what comes of this, as in the video I go through the other factors detailed that indicate a substancial shift in risk.

What do you think about this and do you think you're likely to be affected? Hit me up in the comments!

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Hey! I’m Damian Keyes and I've worked with musicians every day of my life for the past 20 years. The internet is de ply untrusting understandably and here is my background so you can have the full picture.

When I was 18, I was signed to a major label and at 23 I co-founded a Music University in Europe called BIMM (valued at $300M). I’m also a bass player, I’ve played for a number of artists including Eric Clapton, Alanis Morrisette and Billy Cobham. I initially retired at 30, but realised that life gets boring if you’re not building!

I have always been in-between the music industry and education which is how I ended up building my YouTube channel - I’ve been teaching artists how to release music long before it was a ‘niche’! I now educate artists around the world with my Academy, YouTube channel and Social Agency.

It’s great to meet you and looking forward to working together on your music!