Peter Kafka

Recent Posts by Peter Kafka

How to Become Rich and Famous in Three Months, the Live Nation Way

Sure, it’s easy to become Internet-famous these days. But how about real fame–the kind that lets you fill an arena with ticket-buying fans?

Also easy, it turns out. You need just three months! Check out this handy guide from Live Nation, which included it in a presentation to investors last week (click to enlarge):

This slide has generated much music industry guffawing in the past few days (thanks to Bob Lefsetz for highlighting). And the overall presentation didn’t win over Wall Street, either: Shares tumbled 14 percent last Thursday, the day that Live Nation (LYV) made its pitch, which is supposed to explain why the concert business is in much better shape then you’d think. Live Nation stock is still falling today.

I’m assuming Live Nation had someone in mind when it talked about the three-month instafame plan. I just can’t think of who it is.

Justin Bieber, apparently, became dangerously famous via Google’s (GOOG) YouTube. But even he took a year to start playing arenas (says Wikipedia; I’m admittedly out of my depth here).

So I’ve asked Live Nation for an example of the three-month song-to-sold-out-arena trajectory, and I’ll report back if I hear from them. Meantime, anyone else have any suggestions? The comment section is all yours.


comments so far. Add yours.

  • http://profiles.yahoo.com/u/JWXEI44NLTDS6CHD5HZAVVKTHI TeaBagger

    Maybe they didn't mean 3 months in a row?

  • http://gruvetube.myopenid.com/ GruveTube

    How very, very prescient…

  • Resort_Owner

    Have you ever said to someone “be there in a second”? Did you literally get to your destination in 1 second? There was no specific example given, the slide was most likely just making a point that the industry is being turned upside down and the old ways of doing things are out the window and things are changing rapidly, or that it is now conceivable that such an act could emerge. Maybe your assumption that they had to have “someone” in mind is where the problem originates from, not with the slide itself.

  • Resort_Owner

    Have you ever said to someone “be there in a second”? Did you literally get to your destination in 1 second? There was no specific example given, the slide was most likely just making a point that the industry is being turned upside down and the old ways of doing things are out the window and things are changing rapidly, or that it is now conceivable that such an act could emerge. Maybe your assumption that they had to have “someone” in mind is where the problem originates from, not with the slide itself.

  • Resort_Owner

    sorry for the repeat.

  • http://mediamemo.allthingsd.com/ PKafka

    If they didn't have a time frame on either slide of the chart, I might buy your argument — though many people would, because they'd argue that even without the time frame, the chart is overly optimistic about the steps involved between making a splash on the web and selling out an arena. But their argument is specific — it used to take two years or more to achieve this level of success; now you can do it in three months. Alternate example: It takes 2 years or more to build a commercial office building. If someone told you they could assemble a 20-story building in 3 months, you'd want to see an example, wouldn't you? (You might also think twice about stepping foot in there, but that's a different story…)

  • http://blog.macb.net macbeach

    Next stop:

    “How to turn a flash in the pan business model into dollars in your bank account, leaving investors stranded.”

  • olternaut

    I don't think the 3 month scenario can work unless the artist's career is already at some sort of nexus point. Although, I think the scenario can still work in less than 2 years time if executed correctly.

  • http://twitter.com/boersenewyork Tim Schaefer

    Susan Boyle was famous over night with her song i dreamed a dream. Her song was part of Britains Got Talent 2009. Best tim schaefer media

  • http://twitter.com/boersenewyork Tim Schaefer

    Susan Boyle made it. She was famous over night. She appeared at the TV show Britains Got Talent in 2009. Live Nation is right.

  • http://blog.macb.net macbeach

    I think I read somewhere that Susan Boyle had been entering singing contests since she was a teenager.

    Whether it is from singing, or playing an instrument, there is no such thing as overnight success in the music business (or any other business for that matter). Look behind any “overnight success” story and you find hidden years of preparation (even if it wasn't intentional).

    The phrase “get rich quick scheme” became a cliche for a reason.

  • Resort_Owner

    Good point! That leads to the whole “American Idol” thing. More outlets, easier access, etc…..I think the “3 month to arena” slide alludes to that whole “going viral” thing that the 'net can cause. I see Kafka's point, but there's no arguing that just as MTV made it easier for artist to go global, today's environment has avenues to get bigger quicker. Comparing it to building a building in 2 years vs 12 months isn't fair because that requires conjuring up an imaginary way of constructing the building that we can't comprehend….the internet is there so it's easier to imagine how it could happen. Years from now if there's an automated crane that via computer controls cuts down on construction time by 50%, it won't be hard to imagine it being done…..but for now, it seems impossible. 20 years ago, would you have guessed you could sat and play poker with somebody on your computer on the other side of the world? Or put a video of yourself on a “web” of computers that could instantly be seen my millions? No way…..so while no concrete example exist, it isn't to say it isn't possible if the right act comes along.
    Luck to all.
    RO

  • keyofgee2001

    I like what Nikki Sixx said about this graph, It leaves out a musican or bands time to develope thier own style and identity..John Melloncamp once said it took him five albums to find his style and sound and fans..these days if that were still the case and we went by LN, we would have never had heard of him…LN should die a slow death with their rip off over proced ticket sales..(not the ppl of LN, just the company)

  • jscowboy

    Most people can get away with hyperole like this but the LN team plays fast and loose with the truth so they don't get the benefit of the doubt. Their chariman went before congress and said he wanted to put the secondary market out of business when just a year prior he was trying to roll up the largest ticket brokers in the US. They also told the Senate comittee the merger would lower ticket prices and 1 month after the merger closed they nearly doubled prices on Lady GaGa's tickets. They have been consistently disingenuous so they get no slack on statements like this example.

Dive Into Media

Latest Video

View all videos »

Search »

Hon Hai has a workforce of over one million worldwide, and as human beings are also animals, to manage one million animals gives me a headache.

— Hon Hai chairman Terry Gou, who went on to say that he wants to learn from the director of Taipei Zoo regarding how animals should be managed