High Times Signs Contract With Mateel for Reggae 2018!
Mateel Board Member Eryn Snodgrass wants the community to know that during the Board’s weekly meeting last night, Tuesday the 22nd, they got word that High Times Production had signed the contract for Reggae on the River 2018. Snodgrass says there was jubilation in the room when that news came in.
Snodgrass said it is a 6-year contract for High Times to produce the show at French’s Camp. He says the Mateel will be co-producing as a limited partner, especially this year– because Mateel staff and volunteers know the site and the time is very short for this year’s set up.
The deal involves High Times paying for the cost of production, not the Mateel Community Center. The contract says the Mateel will get $75,000 upon signing which is non-refundable and 30% of net profits. And, for 2018 only, the Mateel will get the first $50,000 of the net revenues. “Even if that is 100% of this year’s net revenue,” according to Snodgrass.
Snodgrass explained that the 30% of net revenue includes all revenue streams such as the tickets, parking passes, vender booth rentals, alcohol sales. and he said the contract specifies that the Mateel will create a committee that has the authorization to look at the event’s accounting and verify that the Mateel is being paid fairly.
Eryn said that the $75,000 guaranteed revenue will be wired to the Mateel today, and “that it couldn’t come at a better time.” He said the money will be allocated to paying the Arthur Family for 2017 so the Reggae can continue and to produce Summer Arts “because we were tapped out” until this came along.
Snodgrass explained that the contract says that High Times will consider all local non-profit vendor agreements and other community values long associated with Reggae on the River. And Snodgrass said that the event will continue to be live-broadcast over KMUD and that KMUD will continue to coordinate the press tent according to what Snodgrass has been told by High Times representatives.