Entertainment Trends

MCD returned €20m in tickets to 300,000 fans last year

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 61%

Entertainment Entertainment Headlines News

Concert promoters, MCD last year lost out on estimated revenues of €20m through the refund of 300,000 concert tickets to music fans.

"We have had 22 months without shows, it is a long time," Mr Desmond said.

He said he was confident that MCD would return to the top 10 promoters in the world in terms of tickets sold this year.Mr Desmond and Caroline Downey co-own MCD along with Live Nation. New accounts filed by the EP Republic Ltd which stages Electric Picnic show that its revenues increased by 13 per cent from €14.98m to €16.9m in 2019.Mr Desmond said that the license application for this year's EP has been lodged with Laois County Council for 70,000 which was the same planned capacity for the cancelled 2020 event.

Looking to the year ahead, Mr Desmond said:"A lot of the shows that were due to happen in 2020 and 2021 will take place this year so it is going to be a busy year as we are fitting three years of shows into one year."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in ENTERTAİNMENT

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Contactless payments soar in value as use of cheques hits new lowFigures show more than half of all card payments were contactless last year via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »