Threaded Order Chronological Order
| Only 60% of that above weekly cost goes to investors | |
| Posted by: dramedy 04:22 am EDT 08/17/17 | |
| In reply to: re: Post reporting Comet investors are demanding an audit! They are right ... - NewtonUK 07:42 am EDT 08/16/17 | |
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| 40% goes to royalties ( creative team, director set designier, sound designer, costume designer all get a weekly percentage), plus lease percentage, etc. And if grobin got 10% of gross like many stars, it is easily calculated at 20% return. The problem is that the show was selling well, but really not exceptional where it should have been averaging $1.5m with groban. | |
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| re: Only 60% of that above weekly cost goes to investors | |
| Posted by: mikem 05:16 pm EDT 08/17/17 | |
| In reply to: Only 60% of that above weekly cost goes to investors - dramedy 04:22 am EDT 08/17/17 | |
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| Shouldn't Groban's salary (or at least most of it) be considered to be part of the weekly nut? If the show's finances were set up that the investors only got a tiny bit of the profits each week (which sounds like was the case), I can understand why they're upset if that wasn't clear up front. | |
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| Most likely it would show up as a separate line item | |
| Posted by: dramedy 05:49 pm EDT 08/17/17 | |
| In reply to: re: Only 60% of that above weekly cost goes to investors - mikem 05:16 pm EDT 08/17/17 | |
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| If i recall correctly, groban extended his original run. So it would make sense to show costs for no star and add percentage for star. It can be even more complicated where star gets base salary and then percentage when above base. I even saw one that percentage kicked in for weeks above,weekly nut. $-550 to 700 is big jump, but $550k was most likely unrealistic for medium size musical at large imperial. | |
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