multi bag10 Mar 2023 09:23
taken from February 16 Rns.
"In return for providing the brand name and establishing a digital and PR strategy internationally KPOP LUX will receive a licence fee of $1,000,000 payable in three tranches: $450,000 immediately due, $300,000 on 31 March 2023 and $250,000 on 30 April 2023. All ticket revenue for the concert will go to Birdman Inc.
Birdman Inc will be responsible for staging the Concert in Nagoya, the contract and hire of the Venue and all related costs and promotion throughout Japan as well as being responsible for selling 100% of the tickets. Subject to paying its contractual commitments, Birdman Inc will retain the monies from the ticket sales.
Additional revenue will be generated via merchandise, sponsorship (Birdman Inc will receive commission for any Japanese Sponsorship they arrange) TV broadcasting and streaming and a profit share. KPL shall own all copyright and commercial rights in the Concert "