Society » Showbiz
Author`s name Dmitry Sudakov

Eurovision Song Contest in Moscow to be most expensive and totally unprofitable

Eurovision Song Contest, which takes place in Moscow on May 12-16, will cost a lot more than the previous contests held in other countries. The spending on the contest in Moscow will not return any profit, The Vedomosti newspaper wrote.

Valery Vinogradov, the organizer of the contest in Moscow, said that the budget of the event, which Moscow would host for the first time, was based on five sources. The Russian government assigned one billion rubles for the contest; the Moscow government – 200 million rubles. The European Broadcasting Union assigned about $6 million.

Eurovision has six official sponsors in Moscow: Raiffeisenbank, Schwarzkopf and Rostelecom are the international partners of the contest, whereas Pepsi, Mary Kay and Gold Mine Beer are the national sponsors.

Russia’s Channel One does not expose the amount of its spending on Eurovision in Moscow. However, it transpired that the budget of the contest was evaluated at about $42 million. Konstantin Ernst, the Director of Channel One, said that last year’s Eurovision cost 24 million euros (about $32 million).

Organizers spend most of their funds on the rent and the re-equipment of the venue - Moscow’s Olimpiisky Sports Complex (The Olympic Stadium). Advertising, the accompaniment of delegations and journalists, personnel, volunteers and transport also take a lion’s share of the budget.

About 19,000 people will have an opportunity to attend the final show of Eurovision at Olimpiisky. However, only a half of those tickets are available – the rest is distributed free of charge. A ticket to the final costs from 5,100 to 99,800 rubles ($154 and $3,024 respectively). Most of the tickets have been sold out, although it has not been reported how much the tickets can return. A spokesperson for Russia ’s Channel One said that the ticket sales profit was nothing in comparison with the spending.

Valery Vinogradov is certain that Moscow will not be able to recover its costs through the sales of Eurovision-related merchandise. An official spokesman for the European Broadcasting Union also said that the contest in Moscow would be unprofitable.

“The profit does not matter, the inner political effect – that’s what matters here,” Konstantin Ernst said admitting that the show would be loss-making.

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Riots spark in Ukraine again, but people will not die for idiots this time
Russian PM Medvedev: USA undermines relationship with Russia for decades
Capitalism reduced Indonesian cities to infested carcases
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
North Korea is not a threat to the US
North Korea is not a threat to the US
Saudi Arabia readies to enjoy cinemas and music for the first time in 40 years
Capitalism reduced Indonesian cities to infested carcases
Russian politician says Donald Trump extremely dangerous for Russia
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
American Bioweaponry
Capitalism reduced Indonesian cities to infested carcases
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine