Settlement Calculation Errors
Definition
Manual review of settlements requires verifying calculations, expenses against budgets, and consistent reporting across parties, prone to errors in vs-deals where artist payout is max(guarantee, net revenue after expenses).
Key Findings
- Financial Impact: AUD 5,000+ per disputed show in delayed/unpaid artist revenue
- Frequency: Per tour date settlement
- Root Cause: Manual arithmetic and lack of standardized sheets across promoters/venues
Why This Matters
The Pitch: Performing Arts tours in Australia 🇦🇺 lose AUD 5,000+ per show on settlement disputes. Automation of revenue/expense reconciliation eliminates this risk.
Affected Stakeholders
Tour Managers, Promoters, Artists
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Budget Variance Blind Spots
Delayed Settlement Payments
Unreconciled Expense Overages
SAG-AFTRA Strike Production Delays
Increased Pension Contributions
Fair Work Award Non-Compliance Risks
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