In an interview on Galaxy FM, occasions promoter Balunywa disclosed the substantial investments he made in organizing live shows for prime Ugandan artists.
Balunywa revealed that he spent UGX 189 million on a B2C Leisure live performance in 2022 and UGX 179 million on a Geosteady live performance held at Lodge Africana final yr.
Balunywa shared these figures to spotlight the monetary commitments promoters make to make sure profitable music occasions.
He emphasised that regardless of these hefty investments, the returns are sometimes minimal, with some occasions even leading to losses.
Nevertheless, he identified that artists sometimes anticipate to obtain their share of the proceeds, whatever the monetary final result of the occasion.
His feedback come amidst a heated dispute between Promoter Nobat and the remaining member of the Goodlyfe crew over the division of live performance proceeds.
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