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post #33 of (permalink) Old 09-29-2013, 06:26 PM
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Re: Where is the Toronto love?

Originally Posted by Schmoove View Post
What does the currency conversion have to do with increased taxes?
What taxes are you referring to? Sales taxes in Canada were 15% in 2002, and 13% now in 2013. If you made $1,000,000 Canadian in 2002 that would only be $625,000 US. If you made $1,000,000 in 2013 it would be almost equal. So obviously you're making a hell of a lot more running a show now in Canada than you would have 10 years ago.

WrestleMania X7 in Houston and X8 in Toronto drew virtually identical numbers. Yet despite a 62.5c Canadian dollar, X8 still made more money than X7. So what does that tell you? The cost of goods in Canada are also generally 20% higher than the exact same item in the US. So any extra money given back in taxes is likely covered by the increased cost of tickets, merchandise, etc. vs. a US show.

WWE officials announced an attendance record for Reliant Park of 67,925, resulting in gross receipts of $3.5 million.

Officials announced record-breaking attendance for SkyDome of 68,237, resulting in gross receipts of approximately CDN$6.1 million (US$3.9 million).

Despite any other taxes that might be levied, Toronto can still outdraw 80% of American cities less major markets like New York, Chicago, Detroit, L.A., etc. (and even then it can depend on the venue).

You've got PPV's drawing 10-12,000 fans. I don't know what kind of Fox News propaganda you guys believe if you think an event drawing 10,000 in the US makes more money than a 17,000+ event at Air Canada Centre in Toronto. Nobody's asking for even a PPV every year, but going for years on end without doing a PPV when you're running PPVs drawing 10,000 people doesn't make any sense.

- What's past is prologue.
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