Live events sector
In response to new legislation in Russia, promoters have combined to form a self-monitoring organisation with the aim of improving the sector’s operations. The new organisation is named “Soyukontsert” and founder members include SAV Entertainment, PMI and NCA. The proposed new regulations outline greater responsibility for promoters around customer care and will make the industry more professional and efficient, reports Billboard.
Amongst it’s activities Soyukonsert will
– Create an emergency fund to cover expenses for cancelled shows
– Form a disciplinary commission that will assess professional standards for the live sector
– Liaise with local authorities to avoid cancellations of show
“The creation of a self-regulating organization is a natural step as the live entertainment industry moves towards greater professionalism,” said Dmitry Bogachev, head of Stage Entertainment. “Similar professional organisations exist in many countries. And, similarly to them, we shouldn’t restrict ourselves to formal regulation of relations with consumers.”
Legislators are expected to adopt the new regulations early in 2016.