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Re: Want a good laugh?
Steve, Thank you for the follow up. MTABob
Steve, Can you go into more detail? Isn't the Purchaser the guy hiring the act? It reads like the Purchaser is the guy picking up the tab.
The point to me is that these guys think by buying the name they should enjoy the perks associated with the 60 years of the Kingston Trio. They have done absolutely zero in enhancing the legacy of the Kingston Trio and have only hurt it.
A promoter would have to have more money than sense to agree to any of these things.
Bob, the purchaser is often the guy who picks up the tab as you said. My experience is with a large venue with shows that often drew 15,000 paid tickets. Here's an example...Carrie Underwood is guaranteed $500,000 per show. Depending on how the contract is structured, that amount can go up, but not down. As I recall, her own company did all the marketing etc. Rent, security, catering etc is all paid out of that $500,000. At the event settlement following the show, all the expenses will be itemized and subtracted from the $500K. Her proceeds, determined by the settlement, is paid by the arena to her company. In this case her company is the purchaser. Neil Diamond operates this way.....Last time I worked with his crew, he grossed $1Million in two nights...his company was the purchaser. I don't know how the KT works as far as promoting the show. I suspect it might be the venue who promotes the show. So when the Trio makes the agreement it's specified in the contract how the money is distributed. That's why the purchaser in the KT case would be the venue....which has to take care of all the transportation, hotels etc. The KT rider really isn't excessive. Most bands ask for the world and settle for something reasonable. I'm sure if the purchaser told the KT that the closest hotel is a LaQuinta Inn with a Denny's attached, that would be just fine.