Glastonbury Festival Failed to Makey Money in 2008

By: Spacelab Research Staff

In what's bound to be a continuing trend for large-scale festivals, the Glastonbury 2008 festival failed to turn a profit. Not that they lost money, mind you, but after everything was added up and accounted for, there was no money left over.

"Glastonbury costs £22m now, it's huge. The infrastructure, the fencing, the roads, the water and the loos, the marquees, the management, the security and the police, it goes on and on so we do have to sell out in order to make it work,"  said festival organizer Michael Eavis when speaking to BBC6 Music at the UK Festival Awards.

He said it was the first time in 39 years that they had not made money. Glastonbury 2009 is still on though, and tickets are on sale now.

 Glastonbury Festival Overview