U2 360 Tour Not Yet in Profit
It is one of the world’s most popular live events but U2’s massive 360° tour has still not turned a profit.
The concerts have generated €205m in ticket sales so far, but Paul McGuinness, the band’s manager, said that the tour has not yet broken even because the daily running costs are more than €500,000.
With more than 120 trucks transporting three stages that cost $40m to build and up to 500 staff on the payroll, U2’s tour is being touted as the most expensive rock’n’roll expedition ever mounted.
Source: The Sunday Times
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