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. This amount may include revenue from Dynamic 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. This amount may include Additional Revenue Included in Net Gross.
Net Revenue to Split: Net Gross - Fixed Expenses - Variable Expenses - Promoter Profit. This applies to split point deals.
Net Profit (Promoter): Net Gross - Fixed Expenses - Variable Expenses - Promoter Profit. This applies to non-split point deals.
If you would like this line added/removed from all documents without a split point, please contact clientsuccess@prism.fm
Profit/Loss: This line on Settlements for VS Net deals displays the external Profit or Loss on the event. This is calculated by the Net Revenue to Split minus the Artist Payout.
If you would like this line added/removed on Settlements, please contact clientsuccess@prism.fm
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 for the particular artist deal.
Variable Expenses: The sum of of all reported Variable Expenses
Promoter Profit: % * (Fixed Expenses + Variable Expenses + Adjustments included in Split Point)
Split Point: Fixed Expenses + Variable Expenses + Promoter Profit
Breakeven: For detailed information of how breakeven is calculated, visit this article.
If you would like Breakeven added/removed from your offer sheets, please contact clientsuccess@prism.fm
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 some of these terms changed on March 29, 2024
If you have any questions please email clientsuccess@prism.fm