Pricing and Costs of Public Relations Agencies for Entertainment
Get a competitive price on PR firms for the entertainment industry
In the entertainment industry, reputation is a company’s biggest asset. Public relations agencies for entertainment provide the experience, skills and resources to increase your entertainment company’s public image and status, ultimately increasing your business revenue. The value of public relations is 10 times higher than paid advertising because messages come through a credible source--the media.Before selecting public relations companies, it is important for your business to determine the objectives the entertainment public relations agencies will be helping to achieve. Set actionable and measurable objectives to best direct and evaluate your PR agency for the entertainment industry. When evaluating the pricing and costs of public relations agencies for entertainment, keep in mind the following:
1. What is a competitive price for an entertainment public relations agency in your geographic area?
2. How do billable hours work, and will an hourly entertainment PR agency contract financially benefit your business?
3. How much do entertainment PR firms charge for retainer services, and how will a retainer contract impact your pricing and costs of public relations agencies for entertainment?
Select public relations services for the entertainment industry that offer competitive prices
Pricing and costs of public relations agencies for entertainment vary depending on your geographic region. In general, PR services for the entertainment industry will be more expensive in a metropolitan area than in a suburban or rural area. The average expense for effective public relations in the entertainment industry is around $3,000 to $7,000 per month.
Try: Online Promotions Group is a New York-based entertainment PR firm that works with independent filmmakers to promote new film projects through online promotions, with fees starting as low as $100. Get a quote for entertainment public relations services from Palmer Advertising, a California-based advertising and PR firm.
Choose hourly billing for short-term or project-based entertainment PR agency contracts
Billable hours is a popular pricing structure in public relations for the entertainment industry. Billable hours are calculated by the number of hours needed to complete a project based on the account executive's billing rate, typically ranging from $50 to $300 an hour. Be sure to dictate a maximum monthly fee in your PR contact.
Try: Serge Entertainment PR charges $50 an hour plus expenses for general public relations campaign services, with a minimum of 10 hours per month. The Johnson Agency charges hourly rates for public relations services, with fees outlined on the agency's website. Carter Public Relations offers hourly and project management fees for short-term assignments.
Select retainer billing for long-term entertainment public relations agency relationships
A retainer approach is a smart strategy to budget for the pricing and costs of public relations agencies for entertainment. Once the PR agency and your business have determined your public relations in entertainment needs, the PR company calculates a monthly fee. With a retainer, your business knows what to expect each month; but be aware that a retainer may limit the time your entertainment PR agency can spend on your account each month.
Try: A.E. Entertainment Public Relations works on a retainer basis for a set number of hours as chosen by each client - either 15, 20, 30, or 35 hours. Spread The News offers custom campaigns for around $2,500 a month.
- Before your sign a contract with a PR agency for the entertainment industry, make sure your contract include a 60-day cancellation clause. The cancellation clause is important in the event you aren't satisfied with your PR services for the entertainment industry.
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