Below is a breakdown of each calculation on Offers, Contracts, and Settlements. Terms are defined as “Potential” on Offers and Contracts to represent the full potential of that number whereas Settlements will reflect actuals.
Gross: Total Ticket Revenue calculated by Price * # of Tickets
Ticket Sales Tax: (Total Gross - Total Facility Fees and Pre-Settlement Fees) - ((Total Gross- Total Facility Fees and Pre-Settlement Fees)/(1+(Tax Rate/100)))
For more information on tax rate calculation visit this article.
Adjusted Gross: Total Gross - Total Facility Fees, and other Pre-settlement Fees
Net Gross: Total Gross - Total Facility Fees, and other Pre-settlement Fees - Taxes
Net Revenue to Split: Net Gross Potential - Fixed Expenses - Variable Expenses - Promoter Profit
NOTES: This applies to Split Point Deals
Net Revenue (Promoter): Net Gross Potential - Fixed Expenses - Variable Expenses - Promoter Profit
NOTE: This applies to non-Split Point Deals
Fixed Expenses: The sum of all reported Fixed Expenses + Talent Pay included in Split*
*For Flat and Plus Deals, the artist Guarantee will be included in the Split Point. Support costs will also be included in the Split Point if “Include in Deal” is toggled on.
Variable Expenses: The sum of of all reported Variable Expenses
Promoter Profit: % * (Fixed Expenses + Variable Expenses)
Split Point: Fixed Expenses + Variable Expenses + Promoter Profit
Promoter Profit: % * Total Expenses
Breakeven: For detailed information of how breakeven is calculated visit this article.
Note that this can be removed from your offer, contact clientsuccess@prism.fm for this to be removed.
Ticket Scaling Terms
Sellable: Allotment - Comps - Kills
Per Ticket Fees: Sum of all Facility Fees and Pre-Settlement Fees per ticket
Net Price: Ticket Price minus all Per Ticket Fees
Note that these terms did change on February 28, 2022. To see the full detail on what changed, check out this article.
Please contact support@prism.fm or send us a chat with any questions!