Home > Business > U2’s world tour has not yet reached “break-even”

U2’s world tour has not yet reached “break-even”

September 27th, 2009

U2’s two year world tour to support”No Line on the Horizon” which began in Barcelona at the end of June has yet to reach break-even. Despite ticket sales of €205m to date, they incur expenses of €500,000 a day,whether they are playing or not! With a staff of 500 on the payroll and 120 trucks transporting the three identical stages(the Claw) that were constructed for the tour,the expense involved is enormous.(the stages cost €40m to construct).

Dublin has been the most lucrative date so far. Their 3 sellout shows in July drew 243,198 and earned €20.2m. Last Wednesday, U2 broke the attendance record at the Giant stadium in New Jersey drawing 84,472 fans to the concert and beating local favourite Springsteen.

Business

  1. No comments yet.
  1. No trackbacks yet.