CMG Holdings Group Inc (CMGO)

[MONEYMADE]

,,,,,,,LET'S RECAP: "The Business Diversions – the NBCUniversal “Upfront” Event

83. The size of the business diversions was enormous. The “NBC Upfront” is an
event at which the networks unveil their fall lineups to advertisers and sell advertising space for
the upcoming season. It is the largest such event of the year and, generally, the most important
one in that industry. During 2015, NBCUniversal’s Upfront was held at the Jacob K. Javits
Convention Center in New York, on May 11, 2015.
84. XA recovered from its server the 2015 Upfront Budget, which breaks down what
XA the Hudson Defendants were charging NBCUniversal – namely, $16,530,000.00, as of
February, 2015. Subtracting costs for the venue and union labor paid for by NBCUniversal
(which the Budget indicates), at a minimum, the total event cost that Hudson Gray charged for
this NBC event is $14,530,000.00. The industry standard margin for event planners is twenty
percent – in other words, Hudson Gray and the Hudson Defendants will arrogate to themselves
almost $3,000,000.00 profit from this one job alone.