Glastonbury Festival suffers record $4million loss amid global pandemic

The Glastonbury Festival has been hit hard by the global pandemic.

According to financial documents obtained by Billboard, the annual music event lost more than $4 million last year when it canceled in-person festivities for the second summer in a row. Glastonbury organizers have scrapped the 2020 festival – which was to be headlined by Paul McCartney, Kendrick Lamar and Taylor Swift – over concerns over coronavirus. Since then, the festival has seen its revenue drop from $61 million to $1.3 million, marking a record low for the decades-old event.

After closures forced the cancellation of 2021, organizers announced Glastonbury Live at Worthy Farm, a one-day live event that featured performances from Coldplay, Jorja Smith, HAIM and Honey Dijon. Months before the online showcase, Glastonbury received a $1.2 million grant from the UK government’s Culture Recovery Fund.

“We are grateful to have received an award from the Culture Recovery Fund,” tweeted co-organizers Michael and Emily Eavis. “After losing millions due to the cancellation of our last two festivals, this grant will make a significant difference in helping to secure our future.”

This year’s Glastonbury is set to return to Worthy Farm from June 22-26. The in-person event is currently sold out, as 2020 tickets have been moved to the 2022 festival. Glastonbury has yet to announce a full line-up, but has confirmed that Billie Eilish will headline the Pyramid Stage on Friday evening.

Jan G. Gilbert