Booking Fees A major fixed cost for a concert promoter is the booking fee for the act. The booking fee is the amount to be paid to the act for a sing show at a venue. Degy Entertainment, a booking agency, provided a list of asking prices for several popular acts. The following is a sampling from the list. Taylor Swift $1,000,000+ Carrie Underwood $400K-$500K Justin Timberlake $1,000,000+ Alicia Keys $350K-$500K Rihanna $500K-750K Bruno Mars $200K-$400K Katy Perry $500K Pitbull $200K $300K Keith Urban $400K $600K Ke$ha $150K-$200K Maroon 5 $400K $600K The Script $125k-$175K Kanye West $400K $600K The promoter must cover theses fixed costs with ticket sales; Initial Post Begin by reading the prompt Answer the two (2) discussion questions: 1. If the booking fees for an artist was to increase due to recent popularity, what effect will this change have on the break-even point? 2. Do you agree or disagree with a fee for any of the above artist? Why