Who keeps the money from a stadium concert
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The prompt
A promoter puts on a stadium concert in Mumbai (all figures illustrative, in USD). It sells 50,000 tickets at an average of USD 120. It pays the artist USD 4.5 million, the venue and production (stage, sound, security, staff) USD 1.2 million, and marketing USD 150,000. What does the promoter make from tickets? It also earns USD 300,000 from sponsors and USD 400,000 of net profit on food, drink and merchandise. What is its total profit and margin on the ticket sales?
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