Sziget Festival revenue rises but profit stagnates
This year's Sziget Festival, a week-long musical extravaganza on an island in the Danube, generated profit of Ft 50 million on revenue of Ft 2.25 billion, a spokesperson for the event's organizer said in Thursday's issue of daily Népszabadság.
Revenue was up from Ft 1.8 billion the year before, but profit was about the same. The festival attracted 385,000 visitors during the week, about the same as in the previous year.
Asked to explain the festival's relatively low profits after 14 years of operation, Viktória Vető of festival organizer Sziget Kft said the event required more investments as it grew and this year's acts were bigger and more expensive.
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