Thats not a promoter paying for performance fee's.
They are with a company who can PAY for artists performance fees thru endorsements.
For the simple fact a promoter is NOT going to break even paying Lil Wayne 300k + rider, room and board AND opening acts.
We can use Oracle Arena that has 20000 seating for concerts-
That means that a promoter would have to charge ATLEAST $40 a ticket and sell EACH ONE to make a 100k profit…Thats Wayne performing solo..at THIS one ARENA.
So getting anything LESS that 300k and getting SHOWS for 300k are to diff things..
And If I can get to Kayne…I think I can get to Lil Wayne.
# 1. A Lil Wayne concert at Oracle arena will not have any tickets at $40. It will be $65-$150 (since there is no General Admission)
# 2. Live Nation and AEG do not need sponsors to cover artists costs, since they are both worst Billions, respectively.
# 3. Since Live Nation and AEG Operate a lot of the buildings they do the concerts at, they keep a majority of the revenue that comes from alcohol, food, merchandise etc For instance, here is a list of Stadiums, Theaters, Arenas, that are operated by AEG.
AEG Facilities | Theaters/Clubs
# 4. Lil Wayne's last tour "Americas Most Wanted" (all NBA size arenas) was done by LIve Nation:
Lil Wayne Reveals America's Most Wanted Tour Dates | Billboard
# 5. A regular promoter is not going to book a Lil Wayne, Drake, Jay Z, etc for a concert... Live Nation or AEG is. (and that goes for all the top Rock Bands as well)
I dont see why its hard to believe Lil Wayne commands 300k or more per show? This isn't an opinion, its fact breh