Festival Season Going Corporate

Going Corporate

Sergio Ruiz

Going going...

We came across these three articles this week, all variations of the same theme.

It is becoming harder and harder for independent festivals to survive the ups and downs of the festival business - and it is a business. For Glastonbury to make a profit of 50p of each ticket is slim, very slim.

The result? A few mega-conglomerates take over and are able to consolidate operations an minimize the risk. Oh, and likely put a damper on creativity. Because creativity is risk.

Which is why we always buy tickets to our local independent festivals. Always. Because it's the right thing to do. And usually fun too. We love it when we're able to combine righteousness and fun.

If you don't we'll all end up with a corporate standard of hipness.

ft.com Music festivals go upscale and corporate Consolidation by AEG Live and Live Nation drives up prices and profits, but also improves facilities
theguardian.com UK festivals suffer in a costly and crowded field, study shows Study claims more than 1 in 10 festivals will fold amid ever-increasing security and infrastructure costs and tougher competition for ticket sales
atpfestival.com Statement Regarding ATP Festivals And Live Promotions - All Tomorrow's Parties It is with deep sadness we are announcing that ATP Festivals and live promotions are closing down.