3.5 Stars
Peter Shapiro is a NYC based music mogul who has logged in over 100,000 hours in his profession which centers on opening music venues, producing concert events and dealing with musicians. He was just in his twenties when he took over the Tribeca based music venue "Wetlands". He later went on to create the Brooklyn based business "Brooklyn Bowl" which provided the multimedia experience of giant video screens, live concert jams and...bowling! Then he assumed ownership of the Port Chester based "Capitol Theatre", a large, beautiful historic venue that he renovated and transformed. He also spearheaded an annual awards show called "Jammys". You see, Shapiro is a huge fan of jams, which is why he is also a major Grateful Dead fan. In fact, a very large portion of the book concerns his passion for the Grateful Dead and his longtime relationships with Dead bassist Phil Lesh, Bob Weir and other surviving band members. Shapiro booked them constantly at his various music venues. If you are a Grateful Dead fan, perhaps you might enjoy this book more than I did.
First let me tell you what I liked about the book. I was fascinated by all the business machinations and creativity required to be a successful music entrepreneur like Peter Shapiro. He doesn't even watch TV, his mind is so busy maintaining his business empire and strategizing future goals. My son is in the music business so I found his advice valuable, interesting and informative. Shapiro is generous in this book with explaining business aspects such as acquiring property, coming up with business capital, and avoiding bankruptcy. He talks about how much the musical artist is paid, how tickets are sold, what cut a venue can take from the sale of merchandise and much, much more. One of my favorite stories was about Robert Plant, the iconic lead singer of Led Zeppelin who was on a solo tour. He happened to be in NYC staying at a hotel directly across the street from one of Shapiro's music venues. Shapiro went to his bank and withdrew $50,000 in cash and put it in a paper bag, using it to make a deal with Plant to do a show before leaving town. It reminded me of when Led Zeppelin played Madison Square Garden in the 70s and their eccentric and overpowering manager Peter Brandt demanded they be paid in cash.
The parts I didn't like in the book were the focus on musical acts I didn't know at all, or knew next to nothing about. Shapiro definitely has a very different music palette from mine. Some of the acts that often played at his venues were John Popper, Questlove, The Tedeschi Trucks Band, Disco Biscuits, and most especially various iterations of the remaining Grateful Dead members or Grateful Dead tribute bands. By about the 70% mark in the book I resorted to skimming because I had lost interest in reading about these bands. Also, towards the end of the book he touched on politics just a little bit, so that gave me a reason to skim even more.
Overall, I think this would be an an excellent book for use in a college Music Business course. This book is almost 400 pages, and Shapiro has massive experience in the industry to impart, and does so skillfully. It was a pleasant and easy read, but this type of book lends itself to some skimming if you're not particularly interested in the bands discussed.
Thank you to the publisher Hachette Books who provided an advance reader copy via NetGalley.