Stock Under $10 with 50-100% upside potential - 14 Days FREE!

The Great Entertainer

It Is Unusual
It's no secret that parties have become more elaborate.

A catered dinner and a bakery cake won't cut it anymore for marking the special events in our lives, and for some, a DJ or cover band won't either.

But couples still want to dance to the romantic tune they fell in love to; boomers hitting their 50th want to rock out to the music of enduring icons.

And youngsters coming of age want to hear the songs they've downloaded on their iPods and cell phones.

To keep the quality of the entertainment in scale with the other elements of the celebration, there's an increasing demand for renowned entertainers -- the original hit makers -- to provide live music for milestone fetes.

The Beat Goes On

It's common for musicians to stop doing parties and weddings as soon as they can afford not to -- the crowds can be inattentive and sometimes downright disrespectful.

Some guests won't stop schmoozing just because the performance begins; others might leave the room if the act isn't to their taste.

As Bob Grabow, CEO of the Grabow Agency, points out: "Well-known artists [usually] play to people who can sing every word of every song, but at private events, they're not playing to their fans."

Entertainers who rarely do a private gig might be willing to squeeze one in if they have a few free days in the middle of a tour, if there's something unusual about the job that piques their interest -- or if the perks make it seem worthwhile

If you want a big name at your event, "Offer a private plane, another night of lodging in a nice place or a generous per diem allowance for all the people on staff," Grabow says. "That shows that [you are] inclined to take care of the act and crew."

Among those who have played at private events -- and the fees some of them are said to command -- are Billy Joel (around $1 million); Michael Buble ($400,000); Elton John ($900,000-$5 million, much of it donated to his AIDS charity); Sheryl Crow; Jimmy Buffett; Wyclef Jean; Earth, Wind and Fire; Stevie Nicks; Tony Bennett (another million-dollar club member); and the Rolling Stones (the sky's the limit).

Grabow says Dave Matthews asks for more than $1 million, Norah Jones' fee would be "in excess of $250,000" and Harry Connick Jr.'s is at roughly at that same level.

Not surprisingly, "The more popular they are, the more money they'll command," says Erik Marshall, a partner in Hank Lane Productions. "For an entertainer with hits on the charts right now, the fee will be well into six figures."

Party planner David Tutera reminds that "the $250,000 for services doesn't include the lighting, sound system and staging. The expense for the performer is just the beginning; the prices escalate quickly."

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,307.17 -80.41 -0.52%
NASDAQ 3,463.30 -38.82 -1.11%
S&P 500 1,655.35 -13.81 -0.83%
US 10 Yr 2.026% +0.082

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs