Jim Carroll

Music, Life and everything else

Costing the earth

Live Earth organisers in Germany admitted this week that their event lost nearly €1 million. The financial woes occurred because just 29,000 tickets for the 45,000 capacity venue were put on sale, with 2,500 going to sponsors and VIPs. The …

Fri, Jul 20, 2007, 09:13

   

Live Earth organisers in Germany admitted this week that their event lost nearly €1 million.

The financial woes occurred because just 29,000 tickets for the 45,000 capacity venue were put on sale, with 2,500 going to sponsors and VIPs. The rest, bizarrely, were unused.

It seems that the promoters, Hamburg Marketing GmbH, didn’t do the math and had not taken into account the €750,000 fee which they had to pay to Live Earth Inc.

The losers in this instance are the citizens of Hamburg, who get to pick up the €950,000 shortfall.

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