Friday 21 July 2017

Rockers get edgy over euro fears

Nick Webb

Nick Webb

Hard Rock is one of the stranger things affected by the ongoing euro crisis. Bands such as the Red Hot Chili Peppers and Metallica have brought forward tours to Europe because of fears over the future of the euro.

Tickets for the Red Hot Chili Peppers concert in Croke Park next June are still available having been on sale for over a month.

"Over the next few years, the dollar will be stronger and the euro weaker, and if that's the case, I want to take advantage of that by playing more of these shows now, because they will be more profitable for us," according to Cliff Burnstein of Q Prime, which manages both bands.

Mr Burnstein added that he was looking at playing gigs in countries with stronger currencies and economies. This means that places like Brazil, Indonesia and Vietnam will now become more important stop-off points for any major global rock band on tour.

Europe will gradually be seen as less of a money making machine because of weak consumer demand and its shaky currency.

Sunday Indo Business

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