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Will the 2021 festival go ahead?


JoeyT
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Glastonbury 2021   

434 members have voted

  1. 1. Following the Oxford Vaccine news will it go ahead?

    • Yes - I 100% believe
      43
    • Yes - I think so but not close to 100%. Need to see how the roll out progresses.
      158
    • Maybe - I'm 50/50
      87
    • Unlikely - Even with the latest news I think it's unlikely to take place
      79
    • No - The vaccine news is great but I can't see 200k people being allowed at Worthy Farm in June.
      67


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4 minutes ago, MEGABOWL said:

Feel like that ‘yet’ is significant

Yes it is, but if she hadn’t added that it might have just looked a bit too optimistic.  Much better to hold out some hope whilst still being cautious.  At least we can ignore all the tweets and rumours flying around from trolls and the uninformed.  Let’s just wait for the festival to make the decision, can’t see it being too long until we know 

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Just now, K2SO said:

If it doesn't go ahead next year, could we have potentially seen the final festival in 2019?

Could the business stay afloat? A lot of festivals were saying this summer that they needed 2021 to go ahead for them to survive.

They said earlier that they can survive one more festival out in 2021 if its cancelled in time

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1 minute ago, K2SO said:

If it doesn't go ahead next year, could we have potentially seen the final festival in 2019?

Could the business stay afloat? A lot of festivals were saying this summer that they needed 2021 to go ahead for them to survive.

I wonder if they might call it a day after the 50th anniversary (if it can run) - it sounds like financially it's very hard to pull off these days even without Covid because of prices of the land etc. Making it to the golden 50 would be amazing and in a way feels like the natural stopping point.

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3 minutes ago, discgoesmic said:

I wonder if they might call it a day after the 50th anniversary (if it can run) - it sounds like financially it's very hard to pull off these days even without Covid because of prices of the land etc. Making it to the golden 50 would be amazing and in a way feels like the natural stopping point.

They'd sell the rights to another company and go into partnership first i feel

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1 minute ago, zahidf said:

They'd sell the rights to another company and go into partnership first i feel

Absolutely, there's far more money to be made from a business perspective. I guess Festival Republic could swallow it completely which would keep it going for a while - would be the jewel in their crown.

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2 minutes ago, K2SO said:

If it doesn't go ahead next year, could we have potentially seen the final festival in 2019?

Could the business stay afloat? A lot of festivals were saying this summer that they needed 2021 to go ahead for them to survive.

They lost about 2 million during the (planned for) 2018 fallow year.

They had about net assets (which should mostly be cash in the bank) of 6.5 million as of 31st March 2019, and that should have increased due to the 2019 festival.

They probably lost more than 2 million in 2020, but I doubt that anyone who actually knows how much is going to say.

They have plenty possible ways of making extra cash, if they want / need to, that they've not yet explored.

Can't see any reason to be worried yet.

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8 minutes ago, K2SO said:

If it doesn't go ahead next year, could we have potentially seen the final festival in 2019?

I think the only way to save the festival is if it doesn't go ahead next year. Bailing early is the only way they'll ensure they're putting minimal money at risk.

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7 minutes ago, K2SO said:

If it doesn't go ahead next year, could we have potentially seen the final festival in 2019?

Could the business stay afloat? A lot of festivals were saying this summer that they needed 2021 to go ahead for them to survive.

I reckon there is enough support from artists who would be willing to help out the festival as well as the ordinary punters. Maybe it’s just my blind love for the event that makes me say that it’s like no other festival, it’s unique and part of the nations culture. Folk will be prepared to offer it support. Other festivals come and go, they have a lifespan, I just don’t see our Glastonbury like that, but maybe I’m just naive. 

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5 minutes ago, discgoesmic said:

Absolutely, there's far more money to be made from a business perspective. I guess Festival Republic could swallow it completely which would keep it going for a while - would be the jewel in their crown.

Not a chance of that. None whatsoever.

Live Nation (parent of Festival Republic) have been hit worse than nearly anyone by the pandemic and are still burning money. While it doesn't sound like they're in danger of collapse yet, they may be in trouble quickly if 2021 starts to get wiped out as well. Whereas Glastonbury likely started off with enough cash in the bank to absorb a couple of cancellations, and can easily raise millions overnight if they need to without having to take investment.

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I genuinely hope they offer an option to donate 2021 (2020 rollover) deposits to the festival and buy a guaranteed 2022 deposit if you had one. I don't know what logistical headaches that gives See, but I'd happily let them keep my fifty quid and get another deposit for 2022. It doesn't have to be mandatory, but it feels like they have an open goal to minimise financial damage.

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Its as good as gone at this point, expect confirmation early in the new year. There is no certainty available to them and thats what has effectively already killed it off.

Still hoping for some outdoor music in august / sept in the UK assuming vaccine roll out goes to plan but obviously glastonbury will not be part of that now

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Glastonbury has faced many significant challenges before, unless there is just no will to any longer host festivals on Emily etcs part, then it’s the most viable festival there is. If the will is there, but they can’t viably continue then there just won’t be festivals anymore full stop.

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4 minutes ago, incident said:

Not a chance of that. None whatsoever.

Live Nation (parent of Festival Republic) have been hit worse than nearly anyone by the pandemic and are still burning money. While it doesn't sound like they're in danger of collapse yet, they may be in trouble quickly if 2021 starts to get wiped out as well. Whereas Glastonbury likely started off with enough cash in the bank to absorb a couple of cancellations, and can easily raise millions overnight if they need to without having to take investment.

Interesting. It's easy to think of these huge organisations as bottomless money pits, but it shows nobody is safe at the moment.

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