Top 1%
Leave It to the Pros
It's best to work with a party planner or booking agent to hire the band of your dreams. "A consumer can't go directly to a talent agency," Tutera says. "It's not possible for novices to do this at all. They wouldn't know where to begin." Part of the process entails reading and agreeing to the requirements in the contract rider, which can be 30 to 50 pages long. Even if the host were able to wade through the paperwork, he or she isn't likely to have the time, skill or inclination to produce a show with professional lighting, sound and staging. And an amateur would almost certainly be out of his league when it comes to awareness of permits, liability, safety issues and sound ordinances. "It's not as easy as dialing and hiring," Marshall explains.Sour Notes
Strange as it seems, there are drawbacks to scheduling a killer act for your event. If several generations will be present, it's hard to accommodate all tastes. And a concert-style performance is going to cut into the amount of time guests have to visit with one another. "You're not going to hire a band of this caliber to perform for 15 minutes," Tutera says. "An hour-long show is a big percentage of ... a party." Further, famous performers may shift the focus from guest of honor and become the main attraction. That may not be a big deal to 50-year-old birthday boy dancing to the Beach Boys. But the usual star of a wedding, bat or bar mitzvah, or sweet 16 may feel as if they're playing second fiddle, and the meaning of day could get lost in the excitement over the entertainment. Be aware that many contracts include a 30-day out clause, which gives the entertainer cancellation privileges. A Grammy win, a prominent film role or even a juicy scandal can boost a star's income above the amount agreed to in the contract. "Someone may ask for $50,000 now, but their price doubles in six months if their career takes off," Weiner explains. "With a 30-day out clause, if a better offer comes up, they can cancel."| A Party to Remember | ||
Enjoy the Good Life? Email us with what you'd like to see in future articles.
TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo 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.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |


Connect with TheStreet