Apparently the £115 tickets are now commanding up to
£500 on eBay. Mean Fiddler is looking at starting up
similar festivals in Europe. “Glastonbury is just an
exceptional event and is now a national brand,” commented
Power.
Tours have done well with sell-outs for Justin Timberlake
and good returns on other worldwide acts, including Jay Z,
Beyonce, Kelly Rowland and Norah Jones. This year, it has
also organised Britney Spears' and Usher's sell-out tours,
and plans are being made for further tours, including Mary
J Blige and 50 Cent. The Group also owns world-famous London
venues including the Astoria and Jazz Café, and last
year bought the Borderline venue in the West End, the report
said these were performing well since the start of the year
to add to the advances for the company and put it in a good
position to make profit going forward.
Plans for the near future include working with would work
with Denis Desmond to
"We are basically competitors, but now are working with
each other to increase bargaining power with artists and suppliers,
rather than fighting against each other," Mr Power said,
adding that there were no current plans for Mr Desmond to
take over the company.
The company expects music downloads to drive further growth
this year. It has signed deals with a number of major record
labels to allow customers to download tracks from its website
for as little as £1
Another smaller victory for MFG was the throwing out of a
legal case brought by Red Bull manufacturers of the well known
energy drink against the Company alleging that Mean Fiddler’s
own energy drink launched last November was a ‘copycat’
product which aimed to confuse or mislead purchasers. –
So it’s good times for the Fiddler’s energy at
the moment!
Mean
Fiddler Music Group Plc has announced that it has clawed back
recent losses through concentrating its operational emphasis
on the increasing demand for live music. Chairman Vince Power
said: “I am delighted that our three core divisions
of festivals, international touring and live music venues
are all trading profitably. Public demand for live music is
showing strong growth year-on-year across all age groups.
The group has benefited from this increase in demand, and
expects this trend to continue into the foreseeable future.”