Budapest, May 12 (MTI) – Budapest’s Sziget Festival is expected to generate revenue of around 7 billion forints (EUR 22.5m) this year and a 10 percent profit, Festival CEO Tamás Kádár told Friday’s issue of business daily Világgazdaság.
The lion’s share of the revenue, 85 percent, is expected to be generated from ticket sales, while sponsorship is set to account for 10 percent. State support makes up less than 1 percent of revenue, the paper said.
The 25th Sziget Festival is being organised on a budget of 6.3 billion forints, up by around 12 percent from last year’s 5.7 billion forint budget.
Programme costs are set to make up 40 percent of expenditures while the various services amount to 10 percent, Kádár said.