Sziget Festival budget increases to HUF 4.4 bln
The organizers of the world-renowned Sziget Festival, a week-long musical extravaganza on an island in the Danube, are expecting to work with a budget of HUF 4.4 bln this year, up from last year’s HUF 3.6 bln, Hungarian economic daily Világgazdaság reported today.
The organizers told the paper that they are expecting to raise the numbers of daily festival attendees from 85,000 to 90,000 in order to break last year’s record numbers of 415,000.
Chief organizer Károly Gerendai said passes were selling at a record speed, even before the full lineup had been announced. According to the paper, half of the increase in the budget would be spent on booking Robbie Williams as a headliner.
The organizers are planning to spend more on their Balaton sound festival, which had a budget of more than HUF 1 bln last year, and their VOLT festival which could get HUF 700-800 mln. The three festivals received a total of HUF 150 mln in state subsidies. No decision has been made yet on subsidies for this year's festivals.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
