Damn financial crisis...

I have never heard of this agency. But it sucks that they have to wrap up their business like that.

Written by Symmachus on 30.06.2009 at 23:55

I have never heard of this agency. But it sucks that they have to wrap up their business like that.

Being in USA I'm not surprise about it. To us Estonians it is a real blow, though. I feel there might be quite a bit less entertainment concert-wise in the near future.

I.

R.I.P.

Then it's also no surprise that I never heard of it either but it does suck. This financial crisis just keeps getting worse so who knows what else is gonna happen. Band world tours may be on the line?...

Written by Ivor on 01.07.2009 at 00:15

Written by Symmachus on 30.06.2009 at 23:55

I have never heard of this agency. But it sucks that they have to wrap up their business like that.

Being in USA I'm not surprise about it. To us Estonians it is a real blow, though. I feel there might be quite a bit less entertainment concert-wise in the near future.

I.

I bet it is a blow to Estonians that BEM closed down. What other concert organizers are in Estonia?

Financial crisis my foot, i've been poor for far longer than all this economic hoopla took place.

Written by LeChron James on 02.07.2009 at 00:33

Financial crisis my foot, i've been poor for far longer than all this economic hoopla took place.

My thoughts as well. But I've seen many a company use the so-called financial crisis (of which we have seen the worst a couple of months ago and now we're on the up again) as an excuse to call it quits. Thus not blaming failure on their own shortcomings (not sure if this is the case here of course) but all on the so-called financial crisis.

There are talks of a pretty stiff financial loss with the recent Limp Bizkit gig they organized which brought in less money than expected. As I interpret it, they made a miscalculation on that one. Reunions at such economic time probably ain't a way to make money. At least not for organizers and not in Estonia.

As for the crisis itself, there are numerour factors. Estonia had until 1st July 2009 a VAT of 18%, now it's 20%. However, until January 1st all sorts of entertainments (theaters, concerts, etc) had a discount on that tax. For those events VAT was 6%. And ticket prices have never been low in Estonia. The population is small and you have to make it up somehow. It seems the prices were already on the limit, plus there was VAT raise. So, in the end I kinda agree with them. It's a tough business. Hopefully this ain't going to mean that there would be no more Green Christmas festival.

And Marcel. That you in Holland are on the economic rise, doesn't mean we are. Baltic states are worst off in this sense. Worse off than Estonia are only our neighbours Latvia.

I.

Written by Marcel Hubregtse on 02.07.2009 at 15:42

My thoughts as well. But I've seen many a company use the so-called financial crisis (of which we have seen the worst a couple of months ago and now we're on the up again) as an excuse to call it quits. Thus not blaming failure on their own shortcomings (not sure if this is the case here of course) but all on the so-called financial crisis.

i wanna see brain drill break up and cite the financial crisis as their reason. thatd just be too perfect. not that i wanna see brain drill break up or anything.