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Sources from Hong Kong Commercial Daily say that the grand concert of the three tenors, held at the centuries-old Forbidden City on June 23 to voice their support to Beijing's 2008 Olympic bid, has earned the sponsor an estimated profit of 70 million yuan (US$ 8.46 million).
As reported, some 25,000 tickets were sold at prices ranging from US$60-US$2,000 per ticket. So the ticket income is estimated at nearly US$18million while only US$10 million was spent for this concert.
According to Chen Jixin, executive deputy general manager of the undertaker, the China National Culture & Art Co. Ltd., the tickets were not sold at a discount this time, initial estimate shows that there should be profits, standing at 60 million(US$ 7.25 million)-70 million yuan(US$ 8.46 million).
(People's Daily 06/26/2001)
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