Settlement is the process of reconciling your box office income and paying you what you are owed.
Timing
Settlement statements are issued after the season closes, once all sales are final and any refunds have been processed. Payment follows approximately four weeks after your statement is issued and approved.
What is deducted
Your statement shows gross box office income, less the venue's share as agreed in your venue contract, less any Fringe fees and any advertising or services you purchased during the season. The remainder is what is paid to you.
Before you can be paid
Your bank details must be entered and your statement approved. Missing bank details is the single most common reason a settlement payment is delayed.