More, that's right, more good news from the live sector. Venue owner and gig promoter Mean Fiddler have reported a £1.3 million profit for the last financial year, up from a £4.4 million loss the previous year. The change of fortunes come from a streamlining of operations coupled with numerous successes in the burgeoning live sector - including sell out tours with Justin Timberlake, Beyonce and Britney Spears and sell out festivals.
Commenting on the improvements in financial performance, Mean Fiddler boss Vince Power told reporters yesterday, "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."