A brand new report exhibits simply how a lot (or perhaps how little) bands receives a commission from live performance ticket gross sales.
The place Does The Cash Go After You Purchase A Live performance Ticket?
CBS Information not too long ago tackled the seemingly ever-present matter of rising live performance ticket prices. However as an alternative of constructing it one more report about pissed off music followers, the outlet centered on simply the place the cash goes after you purchase a ticket.
To indicate how the cash is split, CBS labored with Andrew McMahon of One thing Company who broke down what the band will get from a $70 live performance ticket.
For this explicit present, One thing Company set the ticket value at $56. After all, that is not what the ticket purchaser pays since companies are inclined to tack on all types of charges.
Ticket worth to a One thing Company live performance
With that set ticket worth and venue, McMahon tells CBS that the present has the potential to generate $200,000. Particulars concerning the particular venue have been saved non-public by CBS.
Quantity of income from a One thing Company live performance
Not a nasty payday, proper? However this does not account for prices associated to the venue, which embody issues reminiscent of promoting and catering.
The numbers revealed by McMahon confirmed almost $40,000 alone deducted from that complete for stagehands. The band’s totals confirmed almost $104,000 in prices simply associated to the venue.
With the band left with roughly $100,000, they now should divide that as much as cowl their very own bills.
How A lot Revenue Does One thing Company Make From Every Ticket?
McMahon did not cease at itemizing the venue bills within the CBS report. He goes on to then reveal how the $100,000 leftover for the band is cut up up.
Among the many gadgets deducted from that complete are commissions, charges and payroll.
READ MORE: Why Do Venue’s Take Merch Cuts From Bands? – We Requested Folks Concerned
“In the meantime, their administration takes 1 / 4. Journey and crew prices take one other quarter,” the CBS reporter says.
Considering all the present prices, band bills and charges (which don’t go to the band), CBS calculated that One thing Company makes roughly a $10 revenue from each ticket offered.
CBS through Fb
That also won’t justify skyrocketing ticket costs, however no less than we all know the place all of that cash goes.
Artists Who Tried Their Finest to Fight Scummy Live performance Ticket Practices
Gallery Credit score: Jacklyn Krol
