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Isle of Wight festival increases profits despite fall in attendance

The Guardian•Sunday, September 28, 2025 at 1:23:13 PM
PositiveFinancial Markets
Isle of Wight festival increases profits despite fall in attendance
The Isle of Wight festival has reported a profit of £3.4 million in 2024, despite a decrease in attendance. This impressive financial performance is largely attributed to popular acts like the Pet Shop Boys and The Prodigy, which helped generate a £2.6 million dividend for its parent company, Live Nation. This news is significant as it highlights the festival's resilience in a challenging environment for live events, showcasing the enduring appeal of music festivals and their ability to thrive even when attendance dips.
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