Festival heads talk costs: “There is trouble ahead”
Top execs from FKP Scorpio, DreamHaus and ARTmania discussed the impact of production costs and inflation rates on the 22/23 season
News By IQ | 26 September 2022
European festival heads discussed the impact of spiralling costs on the 2022 and 2023 festival seasons at last week’s Reeperbahn Festival in Hamburg, Germany.
Stephan Thanscheidt (FKP Scorpio, DE), Catharine Krämer (DreamHaus, DE), and Codruța Vulcu (ARTmania, RO) were among the pros discussing higher expenses during the Festival Season 22/23 panel.
Thanscheidt told the panel that while Hamburg-headquartered FKP Scorpio sold out 27 of its 28 festivals, the margins were “complete shit” due to higher expenses.
“Production costs are up 25–30%,” he…
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