seth has stated in the past that shows at the 930 aren't terribly profitable (it's MPP and other big shows that makes everything worthwhile). take away half the crowd - is there any profit at all?
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So much depends on how much the bands, agents, manager, and vendors contribute to the calculus after factoring in their real hard costs.
A bit of a standoff, even though everyone agrees that something as to be done.
Since so much traditionally rests on precedent (the most recent deal made with the band, e.g., is the new baseline) all parties need to suck it up and say something like "for the next 18 months, let's do what it takes, concede on dollars and deal specifics as necessary, and agree that nothing agreed to during this time necessarily needs to be honored in 2022+" That's the gist; obv not perfect encapsulation.