Eurovision Song Contest: Switzerland Stayed a Quarter Under Budget

SRG as a model for ORF? The Swiss host broadcaster of this year's Eurovision Song Contest from Basel significantly stayed under the budgeted costs: Of the 20 million Swiss Francs (21.4 million Euros) allocated for the execution of the mega event, only 15 million Swiss Francs (16 million Euros) were needed. Thus, thanks to "precise financial management and higher revenues from sponsorship and ticketing," they were a quarter under budget, it was announced on Thursday.

Economic Success for Switzerland

The Swiss Radio and Television Company also pointed out the economic significance of the international singing competition in a release. According to a study, the approximately 90,000 ticket buyers contributed to a value creation of 91.2 million Swiss Francs (97.6 million Euros), of which 57.6 million Swiss Francs (61.7 million Euros) remained in Switzerland. 25.8 million Swiss Francs (27.6 million Euros) were attributed to overnight stays and 18.4 million Swiss Francs (19.7 million Euros) to travel to and from the event.

ORF Expects 16 Million Euro Costs

This year's ESC took place in Basel, where JJ secured the victory for Austria. Thus, the 70th Song Contest edition will take place next May in Vienna - with ORF as the host broadcaster. They expect net costs of 16 million Euros for the execution of the event. As in Basel, around 90,000 tickets will be issued for the shows in the red-white-red federal capital.

(APA/Red)

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