Sofar Sounds explains its business model after criticism
Posted on: 20 décembre 2019, by : Stuart Dredge

Live-music firm Sofar Sounds has been facing some criticism in recent months around how it pays artists and its volunteers alike. Now the company is responding in some depth, with a blog post explaining “how money works at a Sofar show”.
Its publication comes ahead of some changes to the company’s model set for February, including to artist compensation at its bigger shows.
“The average net income split between artists and Sofar is currently 63/37, with 63% of the net show income going to the artists. Our goal is to move from today’s 63/37 average profit split for our standard show format (3 artists and 20-25 minute sets) to 70/30 across Sofar-operated cities, in favour of the artist,” explained Sofar.
The post Sofar Sounds explains its business model after criticism appeared first on Music Ally.
Source: Music ally

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