Preparations for Eurovision 2018 in Lisbon are well underway. As the contest draws closer, it has now been revealed that the total cost to RTP, the host broadcaster, is expected to be around 12 Million Euros. The budget for the contest in total is not expected to exceed 23 million Euros.
Portuguese newspaper Correio da Manhã has revealed the budget for the contest after reviewing RTP’s business plan for 2018. However, this is a preliminary estimate as negotiations are ongoing between RTP and various partners. The finalised budget is expected to be confirmed at the end of the year.
The budget news follows a joint RTP/EBU press conference last week in which the logo and slogan, All Aboard, for Lisbon 2018 was revealed. At the press conference, the chairman of the board of directors of RTP stated that the 2018 contest will be “the most economic festival of the last ten years, but with a high level of sophistication.”
Eurovision 2018 will also receive funding from Lisbon City Council and Turismo de Lisboa (an estimated 5 million euros) and Turismo de Portugal is also expected to contribute. The total budget for the event is not expected to exceed 23 million euros. The Lisbon Tourist Tax will also contribute to funding the event.
If everything goes according to plan, Lisbon 2018 should be one of the cheapest productions in recent years.
In 2016, SVT managed to make various efficiency savings and delivered Eurovision in Stockholm for an estimated 14 million euros. But both Vienna in 2015 and Copenhagen in 2014 had significant overspends on their original budgets.
Eurovision will come to Portugal and Lisbon for the first time in 2018. The 63rd edition of the Contest will take place at the Altice Arena on the 8th, 10th and 12th May 2018.
Source: Correio da Manhã