Photo: WENN
The postponement of the Rolling Stones' Australian shows, following the death of Mick Jagger's partner L'Wren Scott, could cost the band and parties involved up to $10 million.
As reported by Billboard, industry insiders say deposits on massive venues, the storage of gear and loss of revenue all add up, and the Stones' epic 14 On Fire tour is, understandably, a rather grand affair - for example, the band have about 60 trucks on hold to transport equipment.
However, insurance could potentially be claimed on the costs, as long as insured parties can show that the circumstances were beyond their control, and that the act is unable to perform for that reason.
Given the nature of the tragic incident, (Jagger and fashion designer Scott had been an item for 13 years) it seems unlikely an insurer would be able to argue the show could have gone on.
According to a source, major tour policies allow the severe illness or death of a wife, child, parent or longtime companion as justifying cancellation.
More than 150,000 tickets have been sold for the Australian leg of the 14 On Fire tour, with shows in Sydney, Perth and more all being postponed until October, as announced by promoters Frontier Touring last week. The total gross of the shows is estimated at a massive $40 million.
The Stones have since announced a couple of new European dates taking place this summer, including a headlining appearance at Denmark's Roskilde festival and a show at Paris' Stade de France.
