30 September 2009 10:00:30 AM

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U2 - U2'S MONEY DRAINING TOUR

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U2'S MONEY DRAINING TOUR

U2's world tour is so expensive to stage the Irish rockers are yet to make a profit, despite playing 33 concerts across Europe and North America.


U2's world tour costs £470,000 a day to stage - even when the band has the day off.

Bono, The Edge, Larry Mullen Jr. and Adam Clayton's current '360 Degree' tour - which features a huge stage called 'The Claw' - is so expensive to run it is yet to make a profit, even after 33 concerts.

The 'Get on Your Boots' rockers have played across Europe and North America since kicking off the run of concerts in Barcelona, Spain, on June 30.

The band's manager Paul McGuinness estimates the group have spent more than £40 million so far entertaining fans.

He told Britain's The Sun newspaper: "The engineering problems are enormous and costly. Whether we're playing or not, the daily overhead is about £470,000.

"That's just to have the crew on the payroll, rent the trucks and everything else. There are about 200 trucks in total, including merchandise and catering."

But with the group touring until late next year, they are still expected to make a substantial profit by the time the shows come to an end.


30 September 2009 10:00:30 AM


Tags: U2 - ADAM CLAYTON - BONO - THE EDGE






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E_levation Click for more info (1)

posted on 30/09/2009 16:28


comments:

In rewriting the news of the Sunday Times, ContactMusic forgot to say that the problem with profits are not related to ticket sales and collections that are record highs. The Sunday Times made this clear by citing that U2 had record attendance last week in NY. Please be more professional and to rewrite a story, do not modify the content.







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