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After ticket sales of £35m, Glastonbury reports profit of just £764,000
Administrative costs wiped out almost all profit
Jay Z and Beyonce: No we're not angry that they didn't bring their On The Run tour to the UK. Not at all. Not even a little bit. But playing Glastonbury together would be a good way for them to apologise. If Beyonce really is pregnant though, then that might scupper things, and is just plain inconsiderate.
Tags: Glastonbury Festival
by Alexandra Pollard | Photos by WENN
Tags: Glastonbury Festival
Despite selling out completely and reaffirming its place as the most important UK festival of the summer, Glastonbury festival only made a £764,000 profit last year.
That may sound like an amount not to be sniffed at, but the festival recorded tickets sales of £35 million, almost all of which was wiped out by costs.
As The Guardian reports, the family business had to pay land rent, stage hire, staff costs, management fees and compensaton for loss of farming earnings. It also donated £348,000 to charity.
Last week, 135,000 tickets for next year's Glastonbury went on sale on Sunday, and sold out in 26 minutes. At £225, that means ticket sales of just over £30 million.
Glastonbury's charitable donations are generally shared between three charities - Oxfam, Greenpeace and Water Aid.
Below: Who could play at Glastonbury 2015?
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