{"id":33772,"date":"2019-08-07T11:51:49","date_gmt":"2019-08-07T15:51:49","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=33772"},"modified":"2019-08-08T12:38:32","modified_gmt":"2019-08-08T16:38:32","slug":"spac-and-live-nation-utilize-relationships-with-corporations-to-help-them-thrive","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/08\/spac-and-live-nation-utilize-relationships-with-corporations-to-help-them-thrive\/","title":{"rendered":"SPAC And Live Nation Utilize Relationships With Corporations To Help Them Thrive"},"content":{"rendered":"
\"\"
SPAC has various VIP and sponsorship packages for corporations.<\/figcaption><\/figure>\n

By Andrea Palmer
\nMajor music and entertainment venues these days must come up with creative ways to meet their annual budgets and remain a vibrant segment of the community.
\nThey investigate many funding sources, and among them is working with corporations, offering them ticket, benefit and advertising packages that are a boon for both the companies involved and venues like Saratoga Performing Arts Center and Cool Insuring Arena.
\nAnother major company, Live Nation, also uses corporate packages. VIP packages are a popular sponsorship choice for corporate partners, said Chris Perez, marketer of venue sales at Live Nation, who works out of the Saratoga office.
\nLive Nation is an events promoter based in California, but with an office in Saratoga Springs. They book many of the major touring rock and country acts, from classic legend bands to newer popular groups. With SPAC being one of the largest local venues, they have an ongoing relationship.
\nFor many companies in the region, sponsoring an event at SPAC gives them the exposure to the community at large.
\n\u201cA lot of businesses are using us for client entertainment and employee entertainment. They buy box seats, and our box seats come with VIP parking and VIP access. There are many extra perks with the box seats,\u201d said Perez.
\nCompanies who partner with Live Nation can offer day or evening of entertainment, food, bar service, concierge treatment, a VIP lounge and seating.
\nElizabeth Sobol, SPAC president and CEO of the Saratoga Performing Arts Center, said \u201cIt\u2019s important to understand that SPAC is a 501(c)3 organization. We have a $10-$11 million annual budget and we need to raise half of that amount through charitable giving. We rely on the generosity of both corporate and individual underwriters.\u201d
\n\u201cWe don\u2019t just ask businesses to give philanthropically. We align sponsors with their target demographics, and get their name in front of the people they want to reach,\u201d said Sobol.
\nSPAC has three levels at which a business or individuals can partner with the organization. As a corporate member, a business would receive tickets, ticket discounts, access to the patron terrace, ticket concierge and more. Those businesses can provide entertainment opportunities for their clients. As a corporate sponsor, there are many opportunities for enterprise visibility.
\n\u201cWe can tailor any opportunity so businesses can speak to the audience they want to speak to,\u201d said Sobol.
\nSPAC has invested in educational programs within the organization, including the Festival of Young Artists summer program.
\n\u201cOver 600 young artists were on our stage, with the thousands in the amphitheater,\u201d said Sobol.
\nThe program was underwritten by the Adirondack Trust Co.
\nSPAC has worked with the New York Racing Association in advertising.
\n\u201cNYRA has partnered with us, promotionally, providing spectacular visibility,\u201d said Sobol. \u201cAnd we\u2019re working on broadening and deepening that opportunity.\u201d
\n\u201cSPAC\u2019s reach is growing. We\u2019ve expanded to year-round programming, especially in regard to educational programming,\u201d said Sobol. \u201cWe have a full holiday series coming up as well, and that is a great sponsorship opportunity itself.\u201d
\nSPAC recently replaced the ramps in the facility, and are renovating the entire concession area next year.
\n\u201cThere are many naming opportunities with the concession area project,\u201d said Sobol.
\nSponsorships, corporate and individual partnership opportunities can be found at www.spac.org under the tab \u201cJoin & Support\u201d.
\nIn Glens Falls, \u201cWe customize every package for what the business wants,\u201d said Jeff Mead, general manager of the Cool Insuring Arena. Mead is also the president of business operations for the Adirondack Thunder Hockey team. But the venue also hosts concerts and other entertainment during the year.
\n\u201cWe try to figure out the best way to benefit a corporate partner,\u201d said Mead. \u201cThe business will know themselves more than we do, so we ask what they need in a partnership with us.\u201d
\n\u201cOur video board is pretty amazing and we love showcasing a business on that,\u201d said Mead.
\n\u201cWe collaborate and customize every package, whether it\u2019s a small investment or a big one,\u201d said Mead. \u201cThe partnerships are all unique. The investment levels vary widely. And we appreciate every one of our business partners.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

By Andrea Palmer Major music and entertainment venues these days must come up with creative ways to meet their annual budgets and remain a vibrant segment of the community. They investigate many funding sources, and among them is working with corporations, offering them ticket, benefit and advertising packages that are a boon for both the […]<\/p>\n","protected":false},"author":196,"featured_media":33773,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-33772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\r\nSPAC And Live Nation Utilize Relationships With Corporations To Help Them Thrive - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2019\/08\/spac-and-live-nation-utilize-relationships-with-corporations-to-help-them-thrive\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"SPAC And Live Nation Utilize Relationships With Corporations To Help Them Thrive - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Andrea Palmer Major music and entertainment venues these days must come up with creative ways to meet their annual budgets and remain a vibrant segment of the community. 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