The Australian V Festival has been losing money ever since its induction to the fest circuit last year, but apparently that is not going to stop UK billionaire businessman, and indie rock fan, Richard Branson, from pumping money into the venture anyways.
The second annual V Festival in Australia kicked off in Sydney's Centennial Park last weekend, falling 2,000 ticket sales short of the 35,000 goal, Branson told the Sydney Morning Herald.
"We've now gotten bigger this year - we're gonna lose an even bigger packet but everyone's going to have a great time.
"In a number of years I suspect we'll break even and maybe make a bit of money, but it's a really good thing for Virgin to do."
The V2 Festival on to the wet and muddy Gold Coast show, which delayed the festival opening and made for plenty of muddy fun time.The second annual V Festival in Australia kicked off in Sydney's Centennial Park last weekend, falling 2,000 ticket sales short of the 35,000 goal, Branson told the Sydney Morning Herald.
"We've now gotten bigger this year - we're gonna lose an even bigger packet but everyone's going to have a great time.
"In a number of years I suspect we'll break even and maybe make a bit of money, but it's a really good thing for Virgin to do."
Next stops for the Australia V Festival include this weekend's shows in Melbourne (April 5) and Perth (April 6).
Headlining V Fest Australia bands include The Smashing Pumpkins, Air, Queens of the Stone Age, Duran, Duran, The Presets, Modest Mouse, CSS, Hot Hot Chip, Cut Copy, The Rakes, Jesus and the Mary Chain and nearly a dozen other artists and bands slated to perform at some point or another during the four-city stop festival.
Official V Festival Australia website
Labels: 2008 Festivals, Hot Hot Chip, Indie Rock Festivals, Modest Mouse, QOSA, Richard Branson, Smashing Pumpkins Festivals, V Fest, V Festival Australia
posted by Googe | 10:33 AM
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