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Venue Expense - Potential Earnings
- By Andy J
- Published 08/10/2007
- Business Articles
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Andy J
Andy J - Music Business
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Venue Operations Venue Operations Expenses
10,000 seat venue x $60.00 $600,000.00 Potential Earnings
Arena (per night rental) $35,000.00
Production (sound/light) $40,000.00
Travel (air/bus) $10,000.00
Accommodations $5000.00
Security $2000.00
Marketing $20,000.00
Insurance (on 3 million) $5000.00
Promoter (20%) $120,000.00
Socan (Royalties dues 3%) $18,000.00
Total $255,000.00
Potential Earnings $600,000.00
(-) The Total Estimated Expense $255,000.00
Total Gross Potential Earning $345,000.00
(-) Managers cut (20%) $69,000.00
(-) Agent (10%) $34,500.00
Total to Artist/Band $241,500.00
Before Opening act is paid
10,000 seat venue x $60.00 $600,000.00 Potential Earnings
Arena (per night rental) $35,000.00
Production (sound/light) $40,000.00
Travel (air/bus) $10,000.00
Accommodations $5000.00
Security $2000.00
Marketing $20,000.00
Insurance (on 3 million) $5000.00
Promoter (20%) $120,000.00
Socan (Royalties dues 3%) $18,000.00
Total $255,000.00
Potential Earnings $600,000.00
(-) The Total Estimated Expense $255,000.00
Total Gross Potential Earning $345,000.00
(-) Managers cut (20%) $69,000.00
(-) Agent (10%) $34,500.00
Total to Artist/Band $241,500.00
Before Opening act is paid
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Comments
Comment #1 (Posted by johnybgood)
Rating:
"..Socan (Royalties dues 3%) $18,000.00..."
Can you believe what these fat ass (lawyers) clowns collect from a venue.
It's like being penalizes for having live entertainment, and to think that over 70% of money that is distributed to artists and publishers leaves the country.
Oh Yea, don't get me started on the fact that the US equivalent of socan fees is 80% less.
SOCAN's license to operate is a money printing machine for the wanna be musicians, couldn't make it as lawyer, lazy asses with great communications skills in lobbying. But don't get me started!
