The artist shared a story of a financial mistake that cost him dearly
MONATIK revealed details about the financial side of his concert activities and discussed how much his performances can cost.
This was reported by RBC-Ukraine, citing an interview with the artist for Fedoriv blog.
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How much MONATIK earns from performances
The performer explained that it is fundamentally important for him that not only the artist earns, but also the entire team that works on organizing the event.
That is why, according to him, a clearly defined reward system has long been in place in collaboration with agents.
In addition, Dmitry announced the approximate cost of private performances and corporate events.
At the same time, he noted that the amounts for large shows can vary significantly – it all depends on the location, format, conditions of the event, and ticket prices.
“A corporate event costs 30 thousand euros. But, as a rule, you can negotiate for less. And there’s the mandatory 10% agency fee. If the agent sells for more, they get a larger percentage. This has long been our policy. I believe everyone should earn,” the musician shared.
MONATIK (photo: instagram.com/monatik_official)
The artist also recalled his big concert at the NSC “Olympic” in 2019.
According to the singer, this performance was very successful for him financially – he earned about 500 thousand dollars then.
However, not all large projects were so successful. Monatik admitted that one of the concerts at the Kyiv Palace of Sports turned out to be a serious financial blow for him and ended in debts.
“We were still learning at that time, so the agreements were not very favorable. Therefore, in 2017, we ‘lost’ 70 thousand dollars at the concert,” he recounted.
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