3 million on food and beverage in Glastonbury buys you two burgers (without cheese) and half a pint of cider. đ
No way operating on 25%+ net profit
With a profit margin of 25% no wonder everyone wants to do “events” and “experiences.”
Where did this data come from? It seems wildly inaccurate… For one, selling alcohol is one of the only ways most music venues maintain profitability. Ticket sales generally just cover expenses and wonât put you in profit land outright. Also, each of the festivals being compared is on a completely different in scope and scale. I donât get it
Edit: grammar
The festivals at the top operate âalong these linesâ but the numbers on the chart arenât from any of them? Having vague citations and no methodology but then specific numbers makes the whole thing look made up.
![[OC] How music festivals make money proforma](https://www.europesays.com/wp-content/uploads/2024/08/g9x8624gnpgd1-1709x1024.png)
6 comments
3 million on food and beverage in Glastonbury buys you two burgers (without cheese) and half a pint of cider. đ
No way operating on 25%+ net profit
With a profit margin of 25% no wonder everyone wants to do “events” and “experiences.”
Where did this data come from? It seems wildly inaccurate… For one, selling alcohol is one of the only ways most music venues maintain profitability. Ticket sales generally just cover expenses and wonât put you in profit land outright. Also, each of the festivals being compared is on a completely different in scope and scale. I donât get it
Edit: grammar
The festivals at the top operate âalong these linesâ but the numbers on the chart arenât from any of them? Having vague citations and no methodology but then specific numbers makes the whole thing look made up.
This seems totally inaccurate.