It's absolutely not a hit to the economy in any way. Money not spent at a festival doesn't evaporate into thin air. People simply spend that money on other, similar things.
Plus the festival is organised by Live Nation Concerts, an American company, with tickets sold through Ticket Master, another American company (also owned by the same parent company Live Nation Inc) so the vast majority of the money spent at the festival wouldn't end up in the UK economy in the first place.
Because he was headlining all 3 days. There is not a chance of getting 3 acts of similar clout to play at this short notice. At which point the event is far enough from what was advertised that they'd have to give refunds to the shitload of angry customers demanding them. Better to just cancel now.
The UK and European summer festival circuit is highly competitive. Those high-profile acts willing to do festival appearances (many aren’t) book years in advance.
Those who aren’t committed to the dates in question may have signed exclusivity window deals with other festivals precluding their appearance anywhere else.
The PR of being second-choice to a literal nazi isn’t something that gets agents beating down the promoter’s door.
Given the sunk costs involved, if they thought they could line up a replacement tjey would have.
15 Comments
realitista@lemmus.org · 22 pts · 125d
I guess if you put yourself in a position to be that dependent on an idiot like Kanye, you don't really deserve that money anyway.
Denjin@feddit.uk · 7 pts · 124d
It's absolutely not a hit to the economy in any way. Money not spent at a festival doesn't evaporate into thin air. People simply spend that money on other, similar things.
Plus the festival is organised by Live Nation Concerts, an American company, with tickets sold through Ticket Master, another American company (also owned by the same parent company Live Nation Inc) so the vast majority of the money spent at the festival wouldn't end up in the UK economy in the first place.
ohulancutash@feddit.uk · 1 pts · 123d
Merch? Overpriced drinks and food? Accommodation? Transport? Visits to other attractions while in London?
driving_crooner@lemmy.eco.br · 6 pts · 125d
Why they canceled the entire festival?
HermitBee@feddit.uk · 5 pts · 125d
Because he was headlining all 3 days. There is not a chance of getting 3 acts of similar clout to play at this short notice. At which point the event is far enough from what was advertised that they'd have to give refunds to the shitload of angry customers demanding them. Better to just cancel now.
thr0w4w4y2@sh.itjust.works · -1 pts · 125d
driving_crooner@lemmy.eco.br · 6 pts · 125d
I know they canceled the festival, but why? They could easily hire someone else and move on
CouldntCareBear@sh.itjust.works · 5 pts · 125d
It was billed as a festival but really it was Kanye and a few other acts.
driving_crooner@lemmy.eco.br · 3 pts · 125d
That makes sense.
samc@feddit.uk · 3 pts · 125d
Maybe they had an insurance policy for if a headliner couldn't attend? In that case definitely easier for the organisers to just cancel and claim
driving_crooner@lemmy.eco.br · 3 pts · 125d
That's a "no show" insurance, maybe they had a clause for canceling everything if Kayne couldn't act
thr0w4w4y2@sh.itjust.works · 2 pts · 125d
maybe it makes a bigger statement and gets more headlines for the organisers this way.
ohulancutash@feddit.uk · 2 pts · 123d
“Easily”? Not really.
The UK and European summer festival circuit is highly competitive. Those high-profile acts willing to do festival appearances (many aren’t) book years in advance.
Those who aren’t committed to the dates in question may have signed exclusivity window deals with other festivals precluding their appearance anywhere else.
The PR of being second-choice to a literal nazi isn’t something that gets agents beating down the promoter’s door.
Given the sunk costs involved, if they thought they could line up a replacement tjey would have.
MrNesser@lemmy.world · 0 pts · 125d
spagbolioli@feddit.uk · 5 pts · 125d
I'm sure London will cope somehow
phutatorius@lemmy.zip · 3 pts · 123d
It's not a loss, it's one discretionary spending option that's not there anymore.
ohulancutash@feddit.uk · 2 pts · 123d
Unless it was anticipated to bring significant visitors from outside the metropolis.