Blue Violet is a Rock band planning a tour around the US for the 2024-2025 season. Their option in New Jersey is to make two presentations at the Prudential Center in Newark. Prudential Center is offering the band a compensation of $300,000 per show. Blue Violet estimates that Prudential will be selling the tickets for an average price of $200 and offers the center a new alternative. They will not get the fixed compensation, and instead they will collect 50% of the revenue the center makes those days for tickets, parking, and the sale of the tour t-shirts.

Under which circumstances would the deal benefit the Band? What about the Center? Please explain thoroughly.

Answer rating: 100% (QA)

Blue Violet Prudential Center Deal Ak javan Blue Violet is a Rock band planning a tour around the US for the 20242025 season Their option in New Jerse... View the full answer