Concert Offer Ticket Price$ 50 Capacity10, 500 Kills300 seats Comps.200 seats Sold100 % available seats...
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Accounting
Concert Offer
Ticket Price$ 50
Capacity10, 500
Kills300 seats
Comps.200 seats
Sold100 % available seats
Agent Commission10%
Artist delivers sound
& lights.$40,000
Documented Expenses$200,000
Deal:$200,000 guarantee vs. 85/15 split after documented
expenses.
3.The concert sold out:Show your calculations for each answer.
A. What is the artist walkout for this show?
B. The artist also is a sub-contractor for this show, howmuch does artist receive for this?
4.What will the promoter make from above concert?What will the booking agent get paid?
5.Reference the concert offer attached for this question.List 10 sources of revenue for the promoter, who also owns the venue.
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