>>79165075Event planner anon here.
There are three main costs to a venue.
Reservation/booking cost, building/facilities cost (yes this is different, this is the cost of supplying power, turning the lights on, etc.), and staffing.
Reservation/booking is a "due on x months advance/booking time" sort of thing depending on who the venue is working with. While you would think that this is the major cost, not really in a place like la live which is already likely soft-reserved by AX to begin with.
Retards not from the area don't realize that LA Live is RIGHT NEXT to AX, who uses the nearby hotels for programming also.
Building/staff costs are usually locked in between 1 week and 14 days from the event, varying depending on weekends, holidays, etc.
This coincides exactly with when their announcement is currently happening.
This cost can also often be in the tens of thousands. Especially for a large theatre like peacock.
Likely I'd say around $30,000 for an event like this.
In addition to this, they have AV rentals such as LED screens. While these are usually locked in cost wise by a month before, they likely could get a deal to wait until two weeks because of connections with AX, who already has a large order with their AV company, who's still trying to kiss up to them. Similarly, staff costs would also be locked in at this point and billed no later, and those staffing costs can be double the cost of the actual LED screens.
Ticket sales were sub 700 I believe I saw another anon cite (source they made it the fuck up for all I know but still)
They lose whether they cancel the event or don't. But cancelling it now means they save at least $50,000 dollars, and not cancelling means the trolls that do get into the venue get unfortunate pictures to troll with.
TL;DR no, this is exactly the time they'd cancel the event if yesterday their bills were due for ~$60,000 dollars
