Swing Joined: 7/25/18
Hi -
When a producer refers to the daily "Wrap", what does this mean? Is it the final sales number for a specific day's performance? Sales that day for future performances? All help appreciated. Thanks.
The daily Wrap refers to the tickets sold on a given day, for any performance –– so the 11/26/18 wrap could include tonight's performance and performances months from now, as long as the sales transaction was made on 11/26. A wrap report would have a breakdown of # of tix sold that day, how much revenue was generated that day, and what the Advance is (ticket revenue for all future performances).
Wraps are forward-looking (eg how much money did we bring in today for all future performances) while grosses are backward-looking (eg how much money did we bring in on last night's performance.)
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