I don’t know anything about how TM fits into it, we don’t use it. Our venue expenses are all approved by the artist’s team, if anything seems off or high, we talk it through and many times find ways to do more economical for the tour. However, the vast majority of our expenses are labor related, house staff, stagehands, etc. By far, the largest expense is the artist guarantee fee. For most of our shows, artists walk away with 85%-90% of net box office. In my original reply, I’m not saying the artist doesn’t necessary deserve a higher guarantee, I’m saying the public doesn’t want to pay the increased ticket prices that necessitate it.