Menu
25/01/2013
€2.1m Loses Recorded For Electric Picnic
Music festival Electric Picnic (EP) suffered a combined lose of €2.1m in 2011 and 2012.
Despite this assurances have been made that this years event, marking the festivals 10-year anniversary, will go ahead.
Concerns were raised in December when the traditional discounted “early-bird” tickets did not go on sale.
However, Melvin Been of Festival Republic, involved with EP since 2009, has said that a significant change to the festivals ownership in November left them needing to finalise “a new company structure”.
Recent accounts filed by EP Republic Ltd, the operating company behind the festival, revealed the financial losses.
Mr Benn is a partner in EP Republic Ltd alongside John Reynolds.
EP Republic Ltd is controlled by EP Festivals Ltd, of which Mr Benn’s Festival Republic Dublin Ltd owns 71%, and Mr Reynolds POD Music Ltd owns 29 %.
LN-Gaiety Holding Ltd acquired Festival Republic Dublin Ltd in November 2012.
LN-Gaiety Holding Ltd is an entity owned by international music promoters Live Nation and Gaiety Investments, the parent company to Denis Desmond’s MCD Concerts.
Mr Benn told The Irish Times that tickets for this year’s event would go on sale “as usual” in March.
(H)
Related Irish News Stories
Click here for the latest headlines.
11 November 2010
Firms Win InterTradeIreland Competition
Two Northern firms have excelled in what is the largest business competition on the island of Ireland - Seedcorn 2010. Run by InterTradeIreland, the organisation that supports small and medium-sized businesses across Ireland for better North/South trade and business development, it offers a total prize fund of €280,000.
Firms Win InterTradeIreland Competition
Two Northern firms have excelled in what is the largest business competition on the island of Ireland - Seedcorn 2010. Run by InterTradeIreland, the organisation that supports small and medium-sized businesses across Ireland for better North/South trade and business development, it offers a total prize fund of €280,000.
30 July 2012
Council Presents 6th Northside Music Festival
Dublin City Council's Arts Office presents the Northside Music Festival 2012 which takes place across north Dublin city from the 6th to 26th August.
Council Presents 6th Northside Music Festival
Dublin City Council's Arts Office presents the Northside Music Festival 2012 which takes place across north Dublin city from the 6th to 26th August.
25 October 2013
Drummonds Ltd Fined Over Workers Deaths
A fine of €125,00 has been issued against grain company Drummonds Ltd over the death of two men in August 2009. Father-of-three, Paul Farrell (34) and student Terry Brennan (19) died while working in an elevator pit over a grain silo at the plant in Knockbridge, Co Louth.
Drummonds Ltd Fined Over Workers Deaths
A fine of €125,00 has been issued against grain company Drummonds Ltd over the death of two men in August 2009. Father-of-three, Paul Farrell (34) and student Terry Brennan (19) died while working in an elevator pit over a grain silo at the plant in Knockbridge, Co Louth.
11 January 2012
Micheál Martin Urges Vita Cortex Owner To Meet Workers
The Vita Cortex workers struggle for justice is continuing to gather support as they prepare to travel to Dublin to take part in a lunchtime protest outside Dáil Eireann on Thursday, 12th January, at 1.00pm.
Micheál Martin Urges Vita Cortex Owner To Meet Workers
The Vita Cortex workers struggle for justice is continuing to gather support as they prepare to travel to Dublin to take part in a lunchtime protest outside Dáil Eireann on Thursday, 12th January, at 1.00pm.
13 May 2008
Retailer Cuts And Runs As Customers Sofa Loss
Habitat customers could be sitting on the floor after their sofa orders were left in limbo by the state-wide closures of the furniture franchise.
Retailer Cuts And Runs As Customers Sofa Loss
Habitat customers could be sitting on the floor after their sofa orders were left in limbo by the state-wide closures of the furniture franchise.
-
Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
