In many cases promoters pay producers in the hundreds of thousands of dollars to bring shows to town for a week.
The promoters of the event paid the fine.
He is expected to try again before the month is out, where a promoter might pay him $30,000 for success.
Recent reports claim that independent promoters pay radio stations to add new songs to their playlists.
The way the promoter paid the owners for undistributed profits was similar to a dividend strip operation.
However, the promoters of the event paid $2,342,500 of that to buy 39,083 tickets to its own event.
McCain also said the promoters should not pay the judges.
Perhaps the biggest variable affecting ticket prices is the guarantee a promoter pays to an act.
It received half the money beforehand, but afterward promoters would not pay the rest.
State regulators say the wireless partnerships often cost investors far more than what the promoters paid for the licenses.