Want to back out a VIP lift, charity dollars, or album bundles from your gross prior to settlement? How about additional facility fees? Our Pre-Settlement Fees feature is the answer!
Any per-ticket or percentage of Gross Pre-Settlement fees will be removed and factored in to the Adjusted Gross calculation. Percentage of Adjusted Gross pre-settlement fees can be used to remove additional fees or taxes from the show's Net Gross calculation.
Types of Pre-settlement Ticketing Fees
Learn more about the calculations for pre-settlement fees below.
Flat per ticket - This amount will be removed from the ticket price for that tier. This type of Pre-settlement fee is typically used for VIP lifts, album bundles, or charity dollars.
% of Gross (Divisor) - This fee will be based on the Total Gross on the show and is calculated as: Total Gross Ticket Revenue - (Total Gross Ticket Revenue/ (1+(Amount/100)). This type of fee is typically used for taxes that are calculated off of the show's Gross Ticket Revenue.
% of Adjusted Gross (Divisor) - This fee will be based on the Total Adjusted Gross on the show and is calculated as: Total Adjusted Gross - (Total Adjusted Gross / (1+(Amount/100)). The Adjusted Gross in this scenario is after any other pre-settlement fee types or facility fees have been removed. This type of pre-settlement fee can be used for royalties or additional taxes.
% Per Ticket - This fee type allows you to get more granular and calculate based on the Total Gross for a particular ticket tier as: Total Gross Ticket Revenue by tier - (Total Gross Ticket Revenue by tier/ (1+(Amount/100)).
How Pre-settlement Fees are Calculated
On an event with a Hold status, the Pre-settlement fees Estimated column will factor in Est. Sales Tickets and the Potential column is based on Sellable tickets. In the example above, Estimated = 30*$50=$1,500 and Potential=50*$50=$2,500.
On Confirmed Events
On a Confirmed event, the Estimated column will factor in Est. Sales Tickets and the Actual column will factor in Sold tickets. In the example above, Estimated = 30*$50=$1,500 and Actual=25*$50=$1,250.
On Offers & Settlements
Offers will always show the Potential pre-settlement amounts based on total Sellable tickets. Settlements will always show the Actual pre-settlement amounts based on Sold tickets.
Note that if any percentage type Pre-settlement fees are used, the Per Ticket Fees column may contain more than 2 decimal places. The total Pre-settlement fee amount will be rounded to the nearest tenth decimal place but in order to accurately reflect the math at a per ticket level, additional decimal places are required.
Check out the video below for more information on backing out VIP Lifts and adding them on to artist payouts.
If you have any questions, contact email@example.com!