$100?!!
Lorde
4/18/2018
Anthem
I am excited for this show because I have always wanted to see her live...but slight wince at it costing the same as the Foo Fighters on opening night: $100-$175. Guess this is going to be the Anthem standard.
100 is the new 50
Lets go to the maths. $60 million construction loan, paid back over 10 years = $6 million per year. 250 shows per year is $24,000 per show, or $4.00 per ticket. Rent, electric bil, insurance and other operating costs are $15 million per year, $60,000 per show, or $10.00 per ticket.
The booking fee for the Foos is $500,000, or $83.33 per ticket. Staph is $2.5 million per year, or $1.67 per ticket
In summary, per ticket:
$83.33 - Booking fee for Foos
$10.00 - Rent and Utilities
$ 4.00 - Capital Expense
$ 1.67 - Staph$99.00 - Total
$100.00 - Ticket price$1.00 profit