The Bush Administration may be blasé about the weak dollar, but some constituents most definitely are not—to wit, rock musicians.“I tell every one of our artists who are American to get the hell out of here,” says Marc Geiger, a senior vice president in the contemporary music division at the William Morris Agency.
Singer Lionel Richie, for instance, played 75 arenas overseas last year but only a handful of U.S. ones. A threenight May stint in Manchester, U.K. grossed him $3.3 million, $400,000 more than he would have reaped at the exchange rate prevailing three years ago. For 2009 Richie plans to do at least 100 concerts in Europe, Australia and Asia.