Business World

Friday 19 September 2014

Stones still rolling in it despite US tour hitches

Published 01/07/2013 | 05:00

  • Share
Mick Jagger and Keith Richards on stage at Glastonbury

THE Rolling Stones may not have made much money from their triumphant gig at Glastonbury, but it's doubtful they will be crying over the lost fees.

  • Share
  • Go To

Mick Jagger and co have had a rough year, with thousands of tickets for the band's US tour apparently going unsold, as recession-hit fans turned their noses up at the perceived high prices for tickets.

The problems in the US prompted one agent to call the tour a "total disaster", and their appearance at Glastonbury on Saturday cost them a lot more than most gigs the band play.

Their fee for headlining the festival was reputedly about £400,000 (€467,000) – a fraction of the band's usual cost for performing.

On top of that, they spent thousands of pounds out of their own pocket to make sure everything went right on the night.

Glastonbury is notorious for its hit-and-miss sound system. Many headlining acts – including U2 in 2010 – have flopped because of the bad acoustics. The Stones, however, posted their own man at the BBC's sound desk just to make sure everything went smoothly, while guitarist Keith Richards adjusted his guitar strings specifically to compensate for the weaker sound.

Still, the band won't be going to the poorhouse anytime soon. Jagger on his own is worth north of £190m (€222m), and the band is making a DVD of its current tour. That is likely to feature footage of their performance at Glastonbury, as well as upcoming concerts in London's Hyde Park.

Industry watchers reckon that on its own could make the band as much as £10m.

Irish Independent

Read More

Editors Choice

Also in Business