Assume, including 25 percent comp tickets, the show is expected to be a sell-out. A flash report is a projection of costs and revenues for a scheduled concert. The city of Raleigh would own the land while Pace Entertainment would own the facility and assume sole operations of the facility; Cellar Door would do the booking for all the concerts.
The seven-month season usually hosts an average of 40 concerts, and 12 year-round staff plan and manage each season. Any relevant strategy that can be added.
What is the maximum fixed-fee that the Pavilion can pay given this change? Product and services quality standards Threat from changing technologies Weakness that threaten the business.
Generally, the most popular artists seek a per capita contract because they are confident of a high level of attendance. In addition, Pam was frustrated by the lack of clear guidelines for contract negotiations with artists, for setting ticket prices, and in dealing with unexpected low ticket sales for certain concerts.
It has 71 venues either directly owned or operated under lease or exclusive booking arrangements in 29 of the top 50 U. It has 78 theater-style VIP boxes that can accommodate 4, 6, or 8 people. The Pavilion has two types of customers paying ticket holders and free ticket holders and earns profits from three types of revenues ticket revenues, concession revenues, and parking fees.
These are then added to the direct costs for concessions, merchandise, parking, and insurance to determine total operating expenses.
Pam uses the flash report to plan potential concerts and to evaluate the success of concerts already presented. What is the break even point in units given this change?
Society is willing to pay handsomely for its entertainment facilities, sports franchises, and entertainers. Marketing, Operations, and Accounting When the marketing department plans a promotion for an upcoming event, it coordinates with the sales department to see if there is a conflict in sponsorship.
A time is specified for gate openings, and once the gate is opened the show is underway. Ticket sales are in four ticket categories: Operating expenses include an allocation of the total of fixed production and operations costs for the season, the advertising expenses for the KFBS Allstars event, and other variable expenses.
Bringing Concerts to Reality A concert becomes reality in many steps.
In a fixed-fee concert, the number of comp tickets is approximately 25 percent of the number of paying tickets, while a per capita show has no more than 2.
These companies now maintain good working relationships within SFX. Some artists are paid on a fixed-fee basis, while others are paid on a per capita basis. Pest analyses is a widely used tool to analyze the Political, Economic, Socio-cultural, Technological, Environmental and legal situations which can provide great and new opportunities to the company as well as these factors can also threat the company, to be dangerous in future.
While not all events developed exactly as expected at the time of preparing the budget for the year, there were no major surprises during the year.
Considering this travel expense billing controversy, the company failed to obtain integrity and professionalism The cost of the performing artist has also increased dramatically.
Assume the show is expected to draw 6, paying ticket holders. Marketing also coordinates with the operations department to effectively manage the activities on show days. SFX is one of the largest diversified promoters, producers, and venue operators for live entertainment events in the United States.
After the somewhat disappointing first year, she was determined to exceed the budgeted profit in the coming year.
Other revenues include per capita facility charges paid by the sponsoring corporation for naming rights based on paid ticket holders and a per capita service charge paid by the performer for food, transportation, and other services.
Patrons to the VIP seats also have to pay the ticket price of A-level seats.
Patrons to the VIP seats also have to pay the ticket price of A-level seats. It features the most modern state-of-the-art acoustics and video of any facility of its kind.
To make a detailed case analysis, student should follow these steps: Finally, the budget of each department sales, marketing, and operations is reviewed by the accounting department, which provides overall financial anagement of the project.
Yet, the operating results are below the budgeted goal.Case Cost-Volume-Profit Analysis and Strategy: The ALLTEL Pavilion Andrea Mullens 1) The competitive strategy of the ALLTEL Pavilion is largely focused on differentiation.
STEP 6: Porter’s Five Forces/ Strategic Analysis Of The Alltel Pavilion Case Case Study: To analyze the structure of a company and its corporate strategy, Porter’s five forces model is used. In this model, five forces have been identified which play an important part in shaping the market and industry.
Issues in Accounting Education, November The ALLTEL Pavilion Case: Strategy and CVP Analysis EXHIBIT 1 ALLTEL Pavilion Stage and Seating The Pavilion can accommodate 20, fans with 7, reserved seats directly in front of the stage (covered seating in sections 1 through 9 and VIP seating) and another 13, on the spacious.
Show transcribed image text The ALLTEL Pavilion Case: Strategy and CVPAnalysis Edward Blocher and Kung H. Chen ABSTRACT: The ALLTEL Pavilion case is intended for the undergraduate management accounting or cost accounting course and the M.B.A. management accounting course It provides an excellent context in which to examine.
ACC Section C The ALLTEL Pavilion Case Strategy and CVP Analysis 1.) How would you describe the competitive strategy of the ALLTEL Pavilion? Given the firm’s strategy, what are the most important Key Performance Indicators (e.g., quantitative measures) for the Pavilion to track and manage if it is to achieve its goal of continuous annual growth in operating income?91%(33).
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