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.”
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.