Andy J
<span style="font-style: italic;">Andy J - </span><span style="font-weight: bold;"><span style="text-decoration: underline;">Music Business</span></span><span style="font-style: italic;"> <br/><br/>Andy Gathers Industry related information and passes it on to you. If you have any questions related to the business of music, please send questions to Andy's Article or email andy@crunkbox.com profile.<br/><br/>Thank you<br/></span> Venue Expense - Potential Earnings
http://www.crunkbox.com/articles/articles/15/1/Venue-Expense---Potential-Earnings/Page1.html
By Andy J
Published on 08/10/2007
The following is an example and may/will be different from State to State/Provence to Provence. It's purpose is to give you a realistic view of what to expect for a venue.
Est Venue Expenses
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