Box Office Settlement
Type: noun
Pronunciation: /boks aw-fis set-ul-munt/
Also spelled or known as: Box Office Reconciliation
Plural: Box Office Settlements
Related: Settlement, Gross Box Office, Guarantee
What does Box Office Settlement mean? The final financial accounting conducted after a live event to determine the revenue generated from ticket sales and the amounts owed to the promoter, venue, artist, and other parties.
A box office settlement typically includes ticket sales, taxes, fees, commissions, guarantees, expenses, merchandise revenue, and the final payment due under the performance agreement.
Box Office Settlement synonyms: Box Office Reconciliation, Final Settlement, Show Settlement
Example sentence: “The promoter completed the box office settlement immediately after the concert.”
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