 SanLuisObispo reports that Aerosmith grossed more than $750,000 as the highest paid entertainment
act in California Mid-State Fair history, The Tribune has learned.
On
top of its $750,000 flat fee, the band received 70 percent of the gross
ticket sales over $830,000 from its sold-out show, according to the
performer’s entertainment contract with the Mid-State Fair. Tickets for
the show were $52 and $78. The fair’s Main Grandstand Arena seats more
than 15,000.
Aerosmith’s fee represented a sizeable portion of
the entire $2.8 million spent on entertainment for the 2007 fair.
Expected total revenues from entertainment are about $3.1 million,
according to fair Chief Executive Officer Vivian Robertson.
The
overall income projection for the 2007 fair is about $1.4 million in
profit, with total earnings of $8 million, Robertson said.
The Tribune learned of the payments to some acts after petitioning the state for contract documents.
It’s
common for venues to offer artists a large percentage of the sales over
a certain amount of proceeds. This allows a venue to meet the artists’
flat fee and other costs of putting on the show before profits are
shared. If the venue loses money on the show, it’s usually because not
many tickets were sold.
Read the full story here.
As previously reported by KITV.com, Aerosmith said Hawaii fans are not entitled to any damages due to a canceled concert scheduled for Maui.
Fans are suing to get back money they spent on travel for a concert that did not happen.
The lawsuit should be dismissed, Aerosmith lawyers said. They pointed
out that other performers, like Pavarotti, have never been required to
compensate for fan's wasted travel expenses.
The attorneys said the concert was canceled because there was
no way to get the band's equipment to Maui in time after a concert in
Chicago was rescheduled two days before Maui.
The group said it was always honest with its fans and should not be punished for alleged misrepresentation.
Under the state's consumer law, plaintiffs could be eligible
for triple their losses in damages and up to $5,000 if over the age of
62.
The case will be argued on Maui next month.
While the band did not go forward with a concert for Maui, it
did perform at a concert for a private gathering of Toyota dealers at
the University of Hawaii Manoa campus that weekend.
Trackback(0)
|
TrackBack URI for this entry
Subscribe to this comment's feed