
Listening to Michael Ball’s Sunday Brunch this week, I couldn’t help but notice a brief mention he made of the impact of the credit crunch on celebrity booking fees. Michael himself humorously quipped that his fee has always been the same, four pounds and a portion of chips, but he did raise an interesting point. Has the credit crunch impacted on how much it costs to hire a celebrity? Paul Daniels has reportedly dropped his fee from a respectable £10,000 to a more modest £6,000, Ken Clarke, current Shadow Business Secretary once charged up to£ 10,000 for after dinner speeches but has dropped that to less than £5,000 and Craig Phillips, the inaugural Big Brother winner has hinted he would be happy to attend events for free, as long as there is a pint of beer waiting for him. Although Craig’s suggested fee is clearly tongue-in-cheek, the source of this info, the People Newspaper, may have failed to take into account some of the other factors which can, do and will have impacted on these and many other celebrity prices.
Undoubtedly, Britain is suffering in the current economic downturn and it would be foolish to deny that there are fewer jobs out there than before. This of course also extends into the celebrity sphere with event organisers looking to get more value from their budgets. Many of those who are planning events are trading celebrity entertainment for non-celebrity and specialty acts. However, at E3 Artists, we see celebrity fees fluctuate so much that we know it is not just the current climate that impacts upon them. As reports of the downturn began to emerge, the extremely popular vocalist Duffy’s fee was around £20,000. Now, as the credit crunch is at its full, rampaging height, Duffy can command upwards of £50,000 on the back of her hugely successful awards season. Leona Lewis, Girls Aloud, Lilly Allen and The Saturdays have also seen marked increases in their fees from last year. Those artists listed in the article and discussed on Sunday Brunch have had reduced press, television coverage and public interest in recent months. Not that they have any less value as artists, it’s just they’re a product of the cyclical nature of the media. One star turn, appearance of note or favourable story and you could see these fees reach levels even surpassing those seen before. Paul Daniels, for example, is gaining cult celebrity status on social networking phenomenon Twitter. It won’t belong before he can demand similar fees to days gone by, credit crunch or not. It is all these factors that make gauging the value of celebrity appearances extremely difficult. When doing so it is always useful to seek the advice of someone who keeps up to date with the fluctuating trends in this rapidly changing industry.