*Featured Cowl Photograph Credit score: Glastonbury / Getty Photos
Glastonbury, one of many world’s most-famous up to date arts festivals, reported income as much as $7.3 million (or £5.9 million) in 2024. In keeping with an article from DJ Magazine, the pageant’s income for 2024 surpassed 2023’s income, which had been $3.6 million (or £2.9 million). One of many U.Ok.’s well-renowned newspapers, The Night Commonplace, said that the income had been from Corporations Home accounts that Glastonbury filed for the 2023-2024 tax yr ending in Might 2024. The $7.3 million/£5.9 million that Glastonbury gained had been pre-tax income. Later, the pageant then donated $6.4 million/£5.2 million to charities akin to Oxfam, Greenpeace, and WaterAid. The pageant’s general income for the entire yr of 2024 was $84.9 million (or £68.4 million), a rise of 20% from 2023.
Criticism of the pageant and upcoming objectives within the subsequent couple years
The revelation of the income that Glastonbury gained in 2024 comes after the legendary singer-songwriter Neil Younger introduced that he and his band determined to drag out of the 2025 version’s lineup. Younger talked about the rationale for the pullout was that him and his band had the pageant organizers telling them to “do a whole lot of issues” they didn’t have any curiosity in doing. The artist additionally stated, “We is not going to be enjoying Glastonbury on this tour as a result of it’s a company turn-off, and never for me prefer it was once.”
One downside from the 2024 version that affirmed Younger’s assertion was that the smaller phases drew a whole lot of criticisms from followers for attracting overcrowdness. To deal with the problem (and different points that affected final yr’s version), Glastonbury co-creator Michael Eavis stated that the pageant will endure a “fallow yr” in 2026, which is to permit the farmland on the pageant grounds to get better. This is smart for the reason that pageant organizers simply bought extra land final June by spending $4.5 million (or £3.7 million). The steps that Glastonbury is taking might probably make sure that the pageant will see extra revenue will increase because of these very important additions to the pageant expertise for most of the attendees who plan on attending within the subsequent couple years.
Glastonbury spokesperson speaks on the gained income
“We had been happy to get pleasure from profitable, dry Glastonburys in each 2023 and 2024. This has enabled us to proceed to rebuild the occasion’s important monetary reserves, whereas additionally permitting us to proceed to help good causes and charities.”
