London’s Olympic Venue Versus Wembley
Wembley hosted 35 events last year. Photograph: Tom Hevezi/AP
The financial pressures on Wembley could increase if the Olympic Stadium in Stratford is retained as an 80,000-capacity stadium following the games, the stadium’s chairman admitted yesterday.
David Bernstein, who took over as chairman of Wembley National Stadium Ltd last year, said there were only a maximum of 40 events a year that could fill a stadium of its size in London.
If the Olympic Stadium were to be retained as an 80,000-capacity venue, an idea that is again gaining ground, it could harm the future viability of both. In 2008, which Bernstein said was a “very good year” in terms of attracting major events, Wembley hosted 35 including sporting fixtures and pop concerts.
Appearing before the London Assembly’s economic development, culture, sport and tourism committee, Bernstein said it would be difficult to get many more than that and conceded that the Olympic Stadium would be a competitor for those 40 events, particularly if it remained at its current capacity.
The panel’s chair, Dee Doocey, said: “If there are only 40 events capable of filling stadia of that size and you then suddenly have just down the road another stadium of similar size, it would seem almost inevitable that one will lose out to the other.”
A fierce debate has raged over whether the Olympic stadium should stay at its full capacity following the games or be reduced to 55,000 or 28,000 seats.
The Olympics minister, Tessa Jowell, originally decided that it would be reduced to a 28,000-capacity athletics stadium but was forced to reconsider after the new Olympic legacy company chaired by Baroness Ford said it wanted to look afresh at the issue.
It is believed that the shadow sports minister, Hugh Robertson, is sympathetic to the idea of retaining the stadium at its full size if a profitable model can be found. Talks with prospective tenants including West Ham broke down but could yet be ressurected.
Ironically, one arm of the FA – the World Cup 2018 bid team – could be responsible for a decision that poses huge financial challenges for another. One of the factors driving the argument that the Olympic stadium should retain its full capacity is that those putting together’s London’s proposals for the 2018 bid want to include it as one of their chosen venues.
Bernstein, the former Manchester City chairman who took over from Michael Jeffries as chairman last year, said it would take five years before Wembley stopped being a drain on the FA’s finances.
Wembley made a loss of £23m in 2008 once depreciation, interest payments and tax were taken into account. Despite refinancing its loans, the operating company faces several years of onerous interest payments on the £757m stadium.
“We will be paying reducing but large interest payments for the next 15 to 20 years,” said Bernstein. “Our plans are to get to break even after interest and depreciation within the next five years.”
The continuing strain that Wembley places on the FA’s accounts has become more significant in the wake of the collapse of Setanta’s £150m broadcasting deal. The FA is hoping to conclude a replacement deal with the BBC for the remaining FA Cup rights but is likely to have to accept a significant drop in income.
To hire the conference rooms at the Olympic Venue in Future or the Conference and Events Room in Wembley go to London Conference Venues
Christmas Carollers
These four piece A Capella Quartets are some of the most popular performers in the London area in their genre, singing Christmas carols for every variety of event in London and the UK throughout the holiday season.
The Christmas carollers bring “Joy to the World” and a festive atmosphere “Decking the Halls”, and “Wishing you a Merry Christmas”! The quartets help you to create a light and spirited atmosphere and a memorable occasion that your guests will talk about long after.
The quartets are made up of some of the best young voices in the UK, students and graduates of the Guildhall School of Music and professional singers hand selected to perform to the highest standard.
Mobility and flexibility of the carol singing quartets allows them to greet guests as they enter, roam amongst them with a song while they eat and mingle, or sing by the Christmas tree enchanting guests as they come and go.
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Christmas Carollers
Christmas Parties Cancelled
Cancelling office Christmas parties could have a damaging effect on small businesses, employers have been warned.
The Forum of Private Business lobby group said entertainers, florists and chefs could suffer if parties were cancelled as the recession drags on.
London events company Concerto group estimates that the festive party market is worth £1bn.
It said its research showed one in five businesses had cancelled their celebrations and half were undecided.
Last year’s financial woes led to companies cutting back on the cost of Christmas parties, but this year some are cancelling them altogether.
But the Forum of Private Business (FPB) is urging businesses to try to put one on, to thank staff and keep morale up.
Appreciation of workers
FPB spokesman Phil McCabe said a huge number of businesses were in the supply chain, with implications for businesses and jobs.
Laser Hub in Crawley, West Sussex, hosts corporate Christmas bashes for groups of 50 or so in its indoor arena or function rooms, but has had fewer bookings than expected.
Managing director Andrew Snowdon said bookings were down by a half on last year and he was not expecting to be able to make up the financial losses elsewhere.
Phil Orford, chief executive of the Forum of Private Business, said: “Staff Christmas parties are about recognition and appreciation of workers, not indulging fat cats.
“They are a valuable way of saying thank you to employees for their hard work during this turbulent time.
“In turn, good employee engagement delivers bottom line results.”
One in five firms plans to axe the traditional Christmas party this year due to the financial pressures of the recession, figures showed today.
And around half of the remaining 80 per cent of firms say they still have not decided if they will go ahead with a party.
Cash-strapped companies fear paying for their employees’ Christmas parties could leave them with an added financial burden.
But employers were today urged not to cancel office parties this Christmas because of the devastating effect it could have on small firms.
A group representing leisure and entertainment businesses launched a campaign warning they faced bankruptcy unless festive celebrations went ahead despite the recession.
The Christmas party market is worth £1 billion but this year hundreds of Britain’s small businesses, including florists, chefs and entertainers could go bust if Christmas parties are cancelled, it was warned.
‘Staff Christmas parties are about the recognition and appreciation of workers, not indulging fat cats,’ said Phil Orford, chief executive of the Forum of Private Business, which is leading the campaign.
‘They are a valuable way of saying thank you to employees for their hard work during this turbulent time.
‘In turn, good employee engagement delivers bottom line results.’
Figures from one of the leading events companies in London showed that one in five businesses have cancelled their Christmas party and half are undecided.
This could have a detrimental impact on the supply chain as the events industry could lose between £350 million and £500 million of Christmas party funds, it was claimed
Monaco Grand Prix
So what makes Monaco so special? There’s not one single answer – more an intoxicating mix of ingredients that no other sporting event on earth can rival. A mix of beauty and glamour, fashion and celebrity, adrenalin and speed. The roar of the engines and squeal of the tyres just feet away from the most expensive luxury yachts in the world.
If you are going to travel to the Monaco Grand Prix and experience VIP hospitality, you need to make sure you are travelling with the right people. We are Monaco specialists with over a decade’s experience in giving people the best of the Monaco Grand Prix.
We cater for clients from the top-end to the budget-conscious. Our VIP corporate hospitality packages include superb terrace hospitality in Monaco’s luxury apartments at Shangri La, Panorama and Albatros. We can also arrange superb race viewing hospitality on board some of the finest luxury yachts and superyachts in the harbour. If you’d like a grandstand ticket we can provide it.
We also have the expertise to advise on the best hotels – whether in Nice (Palais de la Mediterranee, Negresco, Grand Aston) or Monaco (Columbus, Meridien Beach Plaza, Monte Carlo Bay, Hotel de Paris, Porte Palace, Hermitage) – throughout Monaco Grand Prix weekend. Our weekend travel package includes Friday to Monday return flights from London to Nice, accommodation and transfers. Alternatively, we can put together a tailor-made itinerary as per your exact requirements.
In addition we can add that extra something. If you’d like access to Monaco Grand Prix’s favourite off-track celebrity party, the Amber Lounge, we’ll get that for you. If you’d like helicopter transfers into Monaco we’ll organise them. If you want to go behind the scenes in the pitlanes and the paddock, we can take you there. If you’d like to eat in Monaco’s best restaurants and party in Monte Carlo’s favourite nightspots, we’ll make sure you do.
London Film Festival
The London Film Festival (Oct 14-29) has long been a good place to launch films into the UK market. Now, with a budget increase and a pivotal slot in the autumn calendar, it hopes to become the gateway into Europe for some of the biggest films of the year.
What difference does $3m (£1.9m) make? In the case of the 53rd Times BFI London Film Festival (LFF), the investment promises to give the event an immediate boost. Available as extra funding from the UK Film Council (UKFC) over the next three years, the LFF is spending $1.4m (£900,000) of its windfall this year.
In recent years, the festival has been run on $6.7m-$7m (£4.2m-£4.5m) a year. Now, artistic director Sandra Hebron believes the event can begin to compete with its better resourced rivals such as the International Rome Film Festival ($17.7m), which runs almost simultaneously.
The LFF (October 14-29) is on a mission to attract more high-wattage premieres, to make sure it is a citywide event and to increase its international media profile. It is also introducing a new awards event (see page 20).
High-profile bookends
Foreign press are being jetted in for interview opportunities. Twentieth Century Fox’s Fantastic Mr Fox is opening the festival in two Leicester Square cinemas (the Odeon Leicester Square and the Empire), and Yoko Ono is scheduled to attend the closing night screening of Sam Taylor-Wood’s Nowhere Boy, about the young John Lennon.
For the first time, the LFF will stage its own press conferences in the Mayfair and Dorchester hotels. These are expected to be attended by around 400 journalists for the big gala films such as the George Clooney-starrers The Men Who Stare At Goats and Up In The Air.
International distributors and producers seem to be warming to the LFF’s new-found ambition. As Focus Features’ CEO James Schamus says: “Pay heed to some fairly significant junketing that will be going on in London. There’s been a real uptick in London as a destination for the press around the world.” Schamus will be giving the LFF’s inaugural keynote speech on October 27 at the Vue Cinema to 180 invited industry guests, arranged in association with UK training body Skillset. Titled ‘My Wife is a Terrorist: Lessons in Storytelling from the Department of Homeland Security’, it is clear the Focus chief does not intend to give a typical industry speech.
“By becoming one of the great regional festivals, it has actually become a much more significant international festival.”
James Schamus, Focus Features
“Like all festivals, London is feeling the twin and sometimes opposing imperatives of growth as a competitive global player and as a festival that has, in the past decade, grown and become more dynamic because of its relationship to its audience,” he suggests. “By becoming one of the great regional festivals, it has actually become a much more significant international festival.”
Optimum Releasing is using the LFF to promote its autumn releases Bunny And The Bull and Cracks to the UK press. The distributor is also bringing in talent for its other festival films including Chloe (parent company StudioCanal plans to use the LFF for the international press junket).
“It’s good to be able to use London not just to launch the film in the UK but to set it up internationally. With the investment the LFF has made in bringing over more international journalists, London becomes a more viable place to do that,” says Danny Perkins, Optimum’s managing director and COO.
As in recent years, there will also be a significant Bafta campaign for many of the bigger films. Actors and directors in town for the LFF screenings will often take part in Bafta events. “It makes sense for the two things to dovetail,” says Hebron.
But while this year’s bigger films are set to receive more exposure than ever before, questions persist over whether the LFF is the best launch pad for the world premieres of smaller UK films. There is a danger they will be lost in what remains a large programme. Hebron points out that many of the titles from the New British Cinema strand are from film-makers early in their career and many are documentaries. “It’s about giving them exposure,” she says. Hebron mentions Chris Atkins’ Starsuckers and Jez Lewis’ Shed Your Tears And Walk Away, both documentaries, as films and film-makers ripe for discovery.
And the festival still prides itself on its ability to showcase provocative and offbeat fare that has little chance of mainstream distribution.
Industry office
The LFF’s industry office will still be running along relatively straitened lines. The aim is to invite around 25 international sales agents for the industry screenings, including well-known figures such as Wild Bunch’s Carole Baraton, MK2’s Dorothée Pfistner, Pyramide’s Yoann Ubermulhin, EuropaCorp and Roissy Films’ Yohann Comte, Memento’s Tania Meissner, Celluloid Dreams’ Hengameh Panahi and Visit Films’ Sylvain Tron.
“It’s getting a reputation throughout the world as one of the friendliest and most charming festivals around.”
Donald Rae, Ecosse Film
Around 25 UK buyers are also due to attend the industry screenings, which are held at the Curzon Soho cinema for films without UK distribution. Andrea Klein, the LFF’s buyers and sellers facilitator, is organising a Meet the Buyer event, this time for a full day, at which international sellers meet UK buyers and producers.
The goodwill toward the LFF is self-evident. “It’s getting a reputation throughout the world as one of the friendliest and most charming festivals around,” says Douglas Rae of the UK’s Ecosse Films, the producer of Nowhere Boy.
Even so, the LFF faces some challenges. It has lost its flagship venue, Odeon West End, to redevelopment. With its new West End partners Vue Cinemas and Empire Cinemas, the LFF is having to stage some gala screenings simultaneously on two screens to meet spectator demand. It will have to find a new title sponsor (if it decides it still wants one) for 2010 as the deal with The Times expires this year. The ongoing discussions about a possible BFI/UKFC merger will have a bearing on the festival’s own future and the extra UKFC funding itself will run out in two years.
The imperative now is to build on the extra funding. Hebron remains upbeat about the future. “I’m optimistic on the basis of what it has been possible to raise against the festival this year,” she says.
