juniorf Frequent Poster
Joined: 15 Jun 2006 Posts: 29 Location: Little Rock, AR
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Posted: Tue Aug 08, 2006 3:59 pm Post subject: Profit on a Rock Concert |
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I found this in the July 2006 issue of Stuff Magazine. It is for a major venue on the East cost (note that it is only for 2,000 fans):
Ticket price: $95
Number of tickets sold: 2,000
Total pirce: $190,000
Minus Taxes: -$4,000
Potential Gross: $186,000
Expenses:
Advertising: -$10,000
Catering: -$3,000
Rent: -$10,000
Workers: -$10,000
Gross (minus expenses): $153,000
Artist Guaranteed: $90,000
Plus 85% of the remaining gross: $53,550
Total paid to artist: $143,550
Must be nice to be a Rock Star! |
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