Keep pulling the thread on Glastonbury Festival.
The Glastonbury Festival is estimated to generate upwards of $80 million a year in revenue.
Following the COVID-19 pandemic, it remains nearly impossible for music festivals to obtain event insurance that covers pandemics at a reasonable cost.
The Glastonbury Festival hosts approximately 200,000 attendees on the Worthy Farm site.
The Glastonbury Festival features approximately 1,000 different traders, including food vendors, craft stalls, and charity tents.
Water demand during the Glastonbury Festival weekend reaches approximately 3 million liters per day, compared to a typical local demand of 0.5 million liters.
The company Agreco is contracted to build and operate a temporary electric grid for the Glastonbury Festival using a combination of generators and renewable sources.
Well-positioned food vendors at Glastonbury Festival have reported paying fees in the range of £15,000 to £20,000 for prime locations near major stages.
The Glastonbury Festival is enclosed by a 5-mile long, 12-foot tall perimeter fence called the "Superfortress Fence" to prevent unauthorized entry.
The "Superfortress Fence" was installed at Glastonbury in 2002 after the festival received a £15,000 fine for exceeding its licensed capacity due to gatecrashers.
The market for large-scale festival insurance is highly concentrated, with reportedly only about 10 insurers willing to underwrite such policies.
High-profile incidents, such as the deadly crowd crush at the Astroworld festival, have led to significant insurance payouts and contributed to rising insurance costs for the festival industry.
Live Nation, the owner of the Bonnaroo Festival, is believed to be able to negotiate lower insurance rates than independent festivals due to its scale and diversified portfolio of events.