added: 24 Mar 2014 // by: Music-News.com Newsdesk
The cancelation of the Rolling Stones' Australian shows could cost as much as $10 million.
The cancelations followed the death of Mick Jagger's partner L'Wren Scott and are reported to be costing all involved parties a huge amount. Billboard reports that venue deposits, storage of gear and loss of revenue all tot up. Especially as the Stones like to do things on a slightly larget scale than most bands needing about 60 trucks to transport equipment.
Insurance could potentially be claimed on the costs, as long as insured parties can show that the circumstances were beyond their control, and that the act is unable to perform for that reason.
Major tour policies allow the severe illness or death of a wife, child, parent or longtime companion as justifying cancellation.
More than 150,000 tickets have been sold for the Australian leg of the 14 On Fire tour, with shows in Sydney, Perth and more all being postponed until October, as announced by promoters Frontier Touring last week. The total gross of the shows is estimated at a massive $40 million.
The Stones have since announced a couple of new European dates taking place this summer, including a headlining appearance at Denmark's Roskilde festival and a show at Paris' Stade de France.