CDs, concert in the works for revenue

Many fund-raising ideas are combined to provide a self-perpetuating revenue.
SHARON, Pa. -- The Vocal Group Hall of Fame is a clubhouse for inducted vocal groups.
It is designed and operates with the inducted artists in mind by giving them active roles in its administration, operation and overall creative direction, said Bob Crosby, president and chief executive officer.
It's run as a nonprofit foundation that includes a production company with the ability to create programming and recordings from its events that will raise money to fund its operations and to provide benefits to the artists.
It has already produced CDs and DVDs of its 2002 induction concert, and work is under way to do the same with the 2003 event held in September.
There is also the potential for television and video programs growing out of those events, Crosby said.
Plans are in the works for a Vocal Group Hall of Fame concert tour that will provide not only revenue for the foundation but also for the participating artists, he said.
Ideal revenue
A Vocal Group Hall of Fame CD Collection, featuring a signature song from each of the inducted groups, also is in the engineering stages with each year's induction class producing a single CD.
The collection will probably start with a set of seven CDs, Crosby said.
Crosby said he sees a point where revenues far exceed operating costs and the foundation can begin to provide additional services to inducted artists, such as management and legal services, and eventually, even health care and retirement programs.
Those are things that record companies and management companies don't commonly provide for their artists, Crosby said.
The hall of fame inductees will be able to use the foundation to take care of their own, he said.