You decide – did SPAC or Jones Beach Amphitheater make a better deal with SXF (now Live Nation)

SPAC Summary -

  • 10 years,
  • Guarantee start at $750k up to $1 million,
  • Bonus for attendance over 200,000 – $1.50 to $2.00 per ticket,
  • Capital Contribution over 10 years – either $0 or $750K ?

Jones Beach Summary -

  • 20 years,
  • Guarantee $2.2 million, Addendum 1 – $2.35 million per annum to escalate each year by the less of (a) Consumer Price Index and (b) 5%; plus
  • Bonus for attendance over 400,000 – $5.00 per ticket
  • Capital Contribution – Minimum $1 million, Addendum 2 – Capital improvement investment of approximately $2,42 million in first three years
SFX deal with SPAC 2000

SFX deal with SPAC 2000

N.Y.S. Jones Beach Theatre Contract with SFX - p1
N.Y.S. Jones Beach Theatre Contract with SFX – p1

N.Y.S. Jones Beach Theatre Contract with SFX - p2
N.Y.S. Jones Beach Theatre Contract with SFX – p2

N.Y.S. Jones Beach Theatre Contract with SFX - p3
N.Y.S. Jones Beach Theatre Contract with SFX – p3