FMIN + Progression Sessions presents | The Future of Doofs
The time for change is now, a coming together of the Doof & Festival community to co-create a healthier and more professional scene. FMIN founder Joel De Ross, and 6 industry veterans will form a panel to discuss the state of the scene and what can be done to create a more vibrant, successful and viable model. There will also be several tech exhibitors showcasing the latest in event and music industry innovation.
Every year the costs associated with organising events go up, profit margins shrink, red tape and bureaucracy gets harder to navigate, competition increases and event cancellations seem more frequent than ever. There are few if any sources of revenue outside of ticket sales resulting in a severe lack of working capital. Securing financial sponsorship with values aligned brands is near impossible and almost every event seems to be operating at a loss. Any profit just ends up paying off debt from previous events. Meanwhile, ticket prices have reached the threshold of what most Doofers can afford, yet still lack enough profit margin to enable promoters to innovate or pay artists their true worth. Furthermore, the increasing use of GHB and Ice combined with negative and often misleading media attention continues to damage the public perception of our culture.
Compounding the overwhelming challenges and risks of planning events is the fact that many crews have no formal event management qualifications, business, accounting or marketing expertise. Someone was inspired one day, shared their grand vision for a new kind of party, inspired others, who pooled their cash, volunteered time/equipment and just winged it and figured things out as they went. All the while oblivious to the fact they were, in essence, starting a business.
It can be said that the health of our scene rests solely on the shoulders of event organisers. Many of whom have pure intentions, great ideas, grand visions but lack the experience and skills necessary to foster an economically viable industry ecosystem.
Joel Tiger de Ross
Founder, Future Music Industry Network & Metavents.
The benefits Virtual Reality Simulation in festivals planning.
Joel will be presenting the solutions he has be developing over the past 2 years that address many of the biggest challenges faced by the music and events industry.