N.E. Brigand Posted March 16, 2020 Share Posted March 16, 2020 President Trump just said that the coronavirus epidemic in the U.S. may extend through July or August, and then he added, "It could be longer than that." 1 Link to comment Share on other sites More sharing options...
garfield Posted March 16, 2020 Share Posted March 16, 2020 8 minutes ago, rpbobcat said: Given everything that's going on,it doesn't seem fair to keep MM in limbo,when it appears more likely then not that a 2020 season isn't practical. Why not? What else are committed MM's going to do that drum corps is holding them up from doing? 1 Link to comment Share on other sites More sharing options...
garfield Posted March 16, 2020 Share Posted March 16, 2020 (edited) 4 minutes ago, N.E. Brigand said: President Trump just said that the coronavirus epidemic in the U.S. may extend through July or August, and then he added, "It could be longer than that." According to many of your earlier posts, we shouldn't rely on what he (and some other pols) says. Now we should? I'm glad you're finally coming around! 🙂 Edited March 16, 2020 by garfield Link to comment Share on other sites More sharing options...
keystone3ply Posted March 16, 2020 Share Posted March 16, 2020 Negative Ghost Rider. I'm about to wake up from this surreal dream. 😴 Link to comment Share on other sites More sharing options...
N.E. Brigand Posted March 16, 2020 Share Posted March 16, 2020 Just now, garfield said: According to many of your earlier posts, we shouldn't rely on what he (and some other pols) says. Now we should? I didn't say one way or the other. What I did here was to convey the latest message about the coronavirus outbreak from the most powerful man in the world. Link to comment Share on other sites More sharing options...
2muchcoffeeman Posted March 16, 2020 Share Posted March 16, 2020 1 hour ago, TwoValves said: If so, kiss most corps goodbye to bankruptcy. I would highly doubt that more than 3 or 4 have the cash reserves on hand to make those refunds if the season were cancelled today. And there would be no additional income to cover them. Nah. Tuition has only started to roll in; refunds would be a small % of anticipated tuition revenue for the year. Likewise, tour expenses have not yet kicked in. Corps spend 75% of their annual budget between May and August. From a business perspective, drum corps is a cash-management exercise. If a corps cancels its tour, then it also cancels the vast bulk of its expenses: instruction, food, fleet. Bingo will float the admin until the arrival of the 2021 audition season in October. 1 Link to comment Share on other sites More sharing options...
Jurassic Lancer Posted March 16, 2020 Share Posted March 16, 2020 5 minutes ago, 2muchcoffeeman said: Nah. Tuition has only started to roll in; refunds would be a small % of anticipated tuition revenue for the year. Likewise, tour expenses have not yet kicked in. Corps spend 75% of their annual budget between May and August. From a business perspective, drum corps is a cash-management exercise. If a corps cancels its tour, then it also cancels the vast bulk of its expenses: instruction, food, fleet. Bingo will float the admin until the arrival of the 2021 audition season in October. Except Bingo will be impacted by crowd limits and may be shut down entirely. Link to comment Share on other sites More sharing options...
2muchcoffeeman Posted March 16, 2020 Share Posted March 16, 2020 1 minute ago, Jurassic Lancer said: Except Bingo will be impacted by crowd limits and may be shut down entirely. Well, yes, there is that. The assumption here being that Bingo resumes normal operations +/- July, so it is throwing off revenue for several months before audition season. Also: Bingo is integral to some corps, not to all. It's a stand-in term for whatever non-corps revenue streams they may have. Link to comment Share on other sites More sharing options...
FTNK Posted March 16, 2020 Share Posted March 16, 2020 Probably 3/4 of corps will fold. C'est la vie. Link to comment Share on other sites More sharing options...
N.E. Brigand Posted March 16, 2020 Share Posted March 16, 2020 (edited) If BD did their 2018 show this year: (source) Edited March 16, 2020 by N.E. Brigand 7 Link to comment Share on other sites More sharing options...
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