Originally Posted by
Hikashuri
Ofcourse they don't have to, but they are blatantly not telling the truth. Let's look at 2010 figures.
150 usd per ticket and 27000 attendees : 4.05 million usd
40 usd per livestream ticket and 555000 paid viewers : 22 million usd
An event that earns you 26.05 million usd is enough money to put the 20 most expensive performers in it, give 20 hours of a concert, and still have over 6 million usd to host the event, pay for the staff, food, drinks and rent the entire place + publicity and moval services. They make profit, whether they will admit is another thing.