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Sunday, May 11, 2014

Business Negotiation and Deal Making

My wonderful learning experience from a respected mentor

            I had the most enjoyable and informative conversation today with Robyn Smith, Entertainment Director and Talent Buyer of Hard Rock Hotel and Casino, Biloxi.  Let me start this blog by stating a few randoms: I reached out to Robyn Smith for the sake of completing an assignment for Graduate School but never imagined that she would respond to me.  Smith is a really big deal to the entertainment world on the Mississippi Gulf Coast.  Needless to say, I morphed into a ball of nervous excitement when I realized I would have the opportunity to interview her.  And, I would like my readers to know that interviewing Smith was as easy as putting socks on in the morning.  We spoke for an hour and twenty-six minutes.  She is filled with great information that she so graciously shared with me.
            Smith’s background is in Speech, Radio and Corporate Communication, but she was led to the casino industry by performing as a dancer for the Grand Casino.  She quickly discovered the casino industry was filled with great opportunity as she moved from casino to casino, honing craft after craft in such positions as Tour and Travel coordinator, Production Manager, and later Entertainment Manager.  Smith received an entertainment award for the Grand Casino, Tunica of which promoted her to the Regional Grand Casino Talent Buyer.
            Hurricane Katrina hit and ruined a large portion of the casino industry for the Gulf Coast, but Smith turned tragedy into opportunity.  She owned and operated RL Smith Agency LLC and became the sole talent buyer for casinos on the coast. This business closed its doors in January of 2007 when The Hard Rock came knocking and asking Smith to join their team.
            Robyn Smith’s casino experience has been a rewarding one.  She comments that she has become a jack-of-all trades, but her average day consists of morning meetings, which discuss and analyze reports on revenue, marketing and future schedules.  She spends the rest of the day discussion offers with agents, contacting tour managers, and confirming acts with the six different venues of which she schedules the talent – Hard Rock Live, Afterhours, Detox, Center Bar, Vibe and the Record Company. 
            Event day for the larger acts is quite different from her other days.  Event day consists of solidifying sound checks, catering, hotel schedules, reservations, meal vouchers, and any special requests.  Although there is a multitude of chores to check off the list on event day, Smith says her main goal is to strategically plan to bring an artist with lots of game playing fans.  Legends Doobie Brothers, Styx, Foreigner, and Stevie Nicks, along with newer acts such as One Republic, Maroon 5, and Zac Brown Band seem to sure fire satisfy this goal for her.
            In order to score acts as high in demand as these, Smith has protected her negotiation skills.  Smith negotiates dates, price, hotel rooms, transportation, charity offers and photo options.  She also negotiates riders also known as the artists’ wish lists.  She says some of the more fun riders have included Kid rock’s Reddi Whip request, Stevie Nicks' treadmill and full-sized refrigerator need, and Pat Benatar's obsession with having brand new sheets.
            Smith dots her “i’s” and crosses her “t’s” before she involves herself in a negotiating deal.  To ensure a mutual benefit between Hard Rock and artists she does her research.  She looks at box office reports as well as regional reports in order to factor in all aspects to foster the most fair deal and offering price.    Smith claims separating the problem from the people can be very difficult.  She never lies, remains calm, and negotiates only in writing when confronted with this kind of challenge.  An example of Smith’s best alternative to a negotiated agreement was when Smith wanted to schedule the group, Heart.  She soon found herself on a predicament because Heart would only play as long as its opening act could also play and be paid by the Hard Rock.  She accepted Heart’s offer.  Low and behold the contract came back with the band Heart plus a totally different opening artist other than the one originally negotiated.  Smith said simply, “no way”.  She put the band on the hot seat.  The situation turned out positively for Smith.  She got what she wanted from the beginning and Heart played without any opening acts.
            My Business Negotiation and Deal Making assignment has turned out to be quite a treat for me to complete.  Thanks to Robyn Smith, I have discovered a more in depth look into a part of the entertainment world that I hope to soon be part of.  She filled me with knowledge of her job, explained her negotiation skills and supported me by leaving me with this advice:  never say no to a job opportunity in this business, take on responsibility so that I soak up all learning opportunities, and stay positively persistent. 
Robyn, I truly thank you for your valuable time, awesome kindness, and heartfelt inspiration!