If you watch the hearing below you will see just how much of your ticket purchase goes to the big guys and how very little goes towards the artist. What is left out of the discussion is just how much money stays in our community. Very little. I have argued that when you spend money locally on entertainment that money gets re-circulated in the community when you spend it at the Denty most of it goes straight out of town. And SALES don’t reflect profit which doesn’t even cover 10% of our mortgage payment;
It was the Premier Center’s most profitable year yet, coming in at $2.1 million compared to the previous record of $1.5 million set in 2019.
And just how much of that ‘profit’ goes back to city coffers?
The Feds are coming down on Ticketmaster (also Google). There’s been antitrust and captive marketing. Denty attendance could be affected from lower prices and without ease of getting tickets. A 2 million profit seems lackluster. When the tin foil is peeled back, will there be more fuzzy accounting?
It was just very lucky. The Denty was built when labor was cheap, bond interest low, and inflation (ie materials) 10% less. There’s potential that Huether exorbitance can be smoothed over.
They owe me $40k for my litigation expenses to win constitutionally against them in State Supreme Court. It’s really hard to be nice.
“Ross Perot was right”…. 😉
https://www.youtube.com/watch?v=VFCS218pkCQ