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15th August, 2019

Sziget Festival revenues drop

The number of visitors of the Sziget Festival dropped this year to some 530,000 from last year’s record attendance of 565,000, and profits will be lower as a result, Népszava reports.

Although no exact number was revealed, the promoter indicated last year that the profit was near Ft 1 billion.

The costs of the festival rose from Ft 10.1 billion to Ft 10.8 billion in one year.

In addition, ticket sales for the last day, Tuesday, were down considerably due to the bad weather.

Tamás Kádár, head of the festival organising company, told Népszava that the number of visitors has reached its maximum, while costs were excessive this year, as there were nine top performers over the seven days.

This year 53% of the visitors were Hungarians. Most foreigners came from the UK, the Netherlands, France, Italy and Germany.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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