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Thursday, January 18, 2007

Correction

posted by on January 18 at 11:30 AM

In the print edition of this week’s lead news article “Sell-to-Play” we wrote:

If a band sells fewer than 25 tickets, they make nothing. If they sell 25 to 29 tickets, the band gets 50 cents for each ticket. The rest goes to BigTime. The scale bumps up to a dollar for the band if 30 to 39 tickets are sold. Selling 29 tickets—quite a crowd for a weeknight—would bring in $188.50 for BigTime. The yield is less than $15 for the band. Selling 24 tickets would bring in $168 for BigTime, but nothing for the band.

That is incorrect. The following, correct explanation, got lost somewhere in the production process:

According to BigTime Entertainment’s website, bands get $1 per ticket for the first 34 tickets they sell. The rest goes to BigTime. If the band sells between 35 and 49 tickets, the band gets $1.50 for each ticket. The scale bumps up to $2 per ticket for the band at 50 tickets sold, and $4 per ticket after 100 tickets are sold.

So, for example, selling 29 tickets — quite a crowd for up-and-comers on a weeknight — would bring in $174 for BTE and $29 for the band. Similarly, 24 tickets would bring in $144 for BTE and $24 for the band.

We regret the error.

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