Glastonbury 2008 fails to make a profit

For the first time since its inception almost four decades ago, the Glastonbury festival did not make any money this year.The 2008 festival was known to be economically fragile, having failed to sell out in advance. The boom of UK festivals and a downturn in the economy may both have played a part, though some critics – including singers in over-the-hill rock bands – blamed a lineup that included Jay-Z.For his part, organiser Michael Eavis cited rising costs – and particular...

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