Why Glastonbury has £10m stashed away

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Running a music festival is challenging and not just because of the weather.

The fields around Worthy Farm in Somerset, would kindle a warm glow in the heart of Donald Trump. An eight-mile long, 20-foot high fence runs round the farm and the 12 neighbouring properties, encasing Britain's biggest music festival - Glastonbury, of course.

The wall is testament to Glastonbury's pulling power, and commercial success. When the 200,000 tickets for this year's event, which starts on Wednesday, went on sale, they disappeared in 36 minutes. Two million people pre-registered to have a shot at buying one.Festivals are enjoying a moment in the sun with popularity and numbers of events soaring

Some are concerned about the proliferation of rival events. A look at the UK Festivals website reveals ten or more events every summer weekend, catering to every possible musical taste. And independent promoters complain that too much power has been concentrated in the hands of a few companies, in particular Live Nation, the American entertainment group that runs about one-quarter of the large events in the UK.

"Contingency is really important to us. The elements are so unpredictable. We are completely at the mercy of the elements," Ms Eavis said in an interview with the Today programme.

 

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