CPH Post

News

Eurovision bills keep piling up

The company behind the event, Projektselskabet, had to loan 17.8 million kroner from DR to be able to put on the show


So far, the Eurovision has incurred losses of 20.3 million kroner and more bills could yet surface (Photo: Scanpix)

June 12, 2014
16:28

by CW


The Eurovision Song Contest may have been a resounding success in terms of the number of viewers the show attracted, but on the bottom line it’s a different story.

So far, the event has resulted in losses of 20.3 million kroner, according to a note from the capital region, and more expenses could be on the way.

Projekt­selskabet, a subsidiary of the tourism and event organsation for the Danish capital, Wonderful Copenhagen, and the company behind the event, has included 8.5 million kroner of revenue from sales of installations from the show, but these have yet to be sold.

“It is pure speculation whether they can sell these installations and reduce the losses,” Anders Drejer, a professor in leadership at Aalborg University, told Metroxpress newspaper. “But they have no clear idea.”

READ MORE: Eurovision budget way overspent

Given until end of July
The accounts also showed that Projekt­selskabet had to loan 17.8 million kroner from DR to be able to put on the event, which could lead to a court battle with the national broadcaster.

Projektselskabet has been given until the end of July to answer a number of questions regarding the situation and come up with the final bill.



Related stories



Latest Comments

Misplaced priorities . GCs are brought in to add value to the economy , They...

(Rajiv Banerjee on October 23, 2014 11:12)

Encoding is broken.

(Jon Ask Jacobsen on October 23, 2014 10:14)

I know a few Danes that were deported from the states so i support this. ;-)

(Juliousbass "the Future of Bass" on October 22, 2014 21:00)

Culture vultures

(Juliousbass "the Future of Bass" on October 22, 2014 20:55)

This is so cool. Funerals with the horse drawn hearses are always so sad &...

(Buzzy Sørensen on October 22, 2014 15:39)

Fraud seems to be an integral part of the Vestas business model. Allegations...

(Bill Jones on October 22, 2014 14:05)

This Brit has a long way to go before he is integrated in Denmark, and...

(Nicholas Gunder on October 22, 2014 13:43)

He has to defend a 12000 DKK spend? That is a joke.

(Andrei Grigorian on October 22, 2014 12:50)

Of course Denmark wants 'cash-free' transactions. This will reduce or...

(Calvin Bernhardt on October 22, 2014 10:32)

Ebola is a serious threat to the health and well-being of people aroubd the...

(Calvin Bernhardt on October 22, 2014 10:26)