Pet Shop Boys and The Prodigy helped the Isle of Wight music festival increase its profits last year, generating a £2.6m dividend for its parent company, a division of the events industry’s biggest player, Live Nation.
In a year when many smaller music festivals lost money or were cancelled amid wet weather and soaring costs, the summer showpiece on the island, a ferry ride across the Solent from England’s southern coast, managed to prosper.
