Green turns red in Germany
EmptyHAMBURG, Germany -- Germany's Live Earth, which took place here July 7, recorded a loss of €950,000 ($1.3 million).
Ticket sales generated €1.06 million ($1.46 million), merchandising and sponsoring yielded €190,000 ($262,000), resulting in revenue of €1.25 million ($1.72 million), organizers said.
Of the 45,000 tickets available, 29,000 were sold, 2,500 given away to sponsors and the media, and the remaining tickets were unused.
However, costs amounted to €1.45 million ($2 million), including €80,000 ($110,000) for artists' accommodations and transportation.
"So we ended up with a minus of about €200,000 ($276,000). Additionally, we had to pay in advance an amount of €750,000 ($1.03 million) to the Live Earth organization," said Thorsten Kausch, managing director of the state-owned organizing company Hamburg Marketing GmbH.
The deficit will be covered by the city of Hamburg.
Wolfgang Spahr is Billboard's Germany bureau chief.