robertkincaid96 Posted December 14, 2007 Share Posted December 14, 2007 The band, each of whose members are separately managed, control their touring, merchandising and video rights, reflecting the historic structure of deals in the music industry. Their catalogue is owned by Warner Music, dating back to a deal signed in 1968 by the late Ahmet Ertegun, the founder of Atlantic Records. Atlantic is now owned by Warner. Monday’s gig was intended to raise money for Mr Ertegun’s charitable foundation. Tickets were sold for at least £125 each at the 20,000-seat O2 arena in London – owned by AEG – with profits from corporate hospitality and merchandising, which sold out before the show began, also going to the foundation. That means the show alone will have grossed about £3 million. In the mid1990s, when Robert Plant and Jimmy Page last toured together with a backing band, they grossed $31.4 million from a 63-date tour, for which more than 1 million tickets were sold. If a 2008 tour attracted audiences in the same numbers, with the average ticket price matching the £125 charged for the O2 show, such a tour would gross £125 million – before any merchandising income. Typically, promoters and venue owners pay a high proportion of the box office gross to the artist. Industry insiders say that in the UK the proportion can be as high as 95 per cent. In America, the figure can reach as much 110 per cent – the proportion is higher than the box office gross because the venue owner will make money out of food and drink and at least some of the merchandising. Led Zeppelin could earn well over £100 million if the hard-rock band went on tour next year in the wake of Monday’s triumphant reunion gig. The band are being pursued with offers from both Live Nation and AEG, the rival concert promoters, with each structuring bids in the form of a large upfront payment to lure the band to their venues. One source said that “AEG put a bid in on the night” - although that could not be confirmed independently – but intense demand, as already seen for Monday’s gig, would probably make a Zeppelin reunion the most sought-after ticket in 2008. The reluctance of Robert Plant, the lead singer, still makes a tour far from certain, although the three other band members are believed to be willing to go ahead. Venues in America have been held open in the hope that Plant will say yes. It is likely that the four-piece band would be able at least to match the estimated $212 million grossed by The Police for their reunion this year, according to figures compiled by Billboard, the industry magazine. The cash is split between the band members, its managers and any roadies they have to pay. Robert Plant is managed by industry veteran Bill Curbishley, the brother of the West Ham manager, who was behind The Who, and whose company is now owned, after a succession of takeovers, by Universal Music. Jimmy Page is managed by Q-Prime, controlled by Peter Mensch and Cliff Burnstein, who also handle Metallica, Snow Patrol and Shania Twain. Their record company, Warner Music, owns the entire recorded catalogue, although it is too early to establish whether catalogue sales have increased on the back of the concert. Mothership, the greatest hits album released last month, has sold 350,000 in the United States, and, given the depth of Zeppelin’s international following, worldwide sales will be approaching 1 million. Last month, Warner also resigned their publishing rights, after an auction in which Universal Music in particular featured strongly – although it is almost certain that the band would have received even more in the wake of the gig. Warner has also agreed to release their albums digitally. However, at the moment Led Zeppelin do not have a record deal, should they release any new music. That reflects the fact that while Plant and Page may be appearing on a stage together, they have no plans to meet in a recording studio in the foreseeable future. Link Link to comment Share on other sites More sharing options...
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