Monday, 21 February 2011
Concert promoter imprecise on tour profit
Backstreet Boys played in Australia more than two years back and organizers promoters has still no idea how much profit, if any, the tour made.
Mr McManus made this astonishing claim in documents applied in the Supreme Court, where he is fighting a former employee's claim of more than $220,000 in unpaid royalties.
Mr McManus's lawyers argued that Mr Prendergast's calculations were predicated on projected rather than actual profit. In support of that, they cited the 2008 Backstreet Boys tour.
''The projected revenue for the Backstreet Boys tour was $1,697,043.94,'' the affidavit states. ''The projected expenses for that tour were $1,540,430.37 [plus various other costs].''
Despite it having occurred more than 2½ years ago, Mr McManus said he was ''not able to accurately confirm the amount of actual profit or loss from the Backstreet Boys Australian tour''.
A directions hearing is scheduled in the Supreme Court tomorrow.
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