A lot. Millions, actually.
The Foos had to cancel festival appearances in Europe (my guess is at $750,000 each), two sold-out headlining shows at Wembley Stadium (80,000 fans per, probably a loss of $1.25 million per show), their Glastonbury appearance (let’s go with another $750,000 in performance fees) and two more European dates (at least $750,000 each). That means we’re already up to $5.5 million over the course of just two weeks. And we haven’t even touched merch sales and the cost of such things as hauling all the band’s gear back to the US without generating revenue to pay for that.
Oh, and then there’s the rental of sound equipment, lighting equipment, trucks, roadies and so on, all of which are done on a no refunds basis. And what about employee salaries, hotel reservations, marketing costs–it just gets worse the more you think about it. In fact, Billboard estimates that the losses will top $10 million.
Imagine how ugly things will get if the Foos have to cancel shows on their North American tour. As it stands, that’s supposed to start Saturday in Washington DC, twenty years to the day Dave released the Foo Fighters album. Fifty shows are still on the docket for 2015, including two gigs at the Molson Amphitheatre in Toronto on July 8 and 9 and an appearance at Festival D’ete de Quebec on July 11.
Stand by for news.