I was recently contact by Comcast who wants me to enter a service agreement for one of my parks.
They’re proposing a license fee, with more revenue share based on usage (40-60% cable signup is a 2% revenue share, 60-70% signup is a 4% revenue share, etc).
Has anyone negotiated a contract like this before? I’m sure it varies a lot by region and park, but does anyone with such an agreement know what their typical tenant signup rate is for Cable, Internet, and Phone?
I actually just got the slip and direct deposit. Looks like they have 30% of the park. DTV does not count as part of the “cable” exclusive. There’s a high % of hispanics in the community that prefer the DTV satellite option and I didn’t want to disrupt that.