Daniel Farey-Jones
Jul 24, 2018

Cannes Lions revenue down 9%, but marketers spending more

Revenue from delegate passes and awards entries fell by 15.5% and 13.6%, respectively.

This year's Cannes Lions festival made 9% less revenue than in 2017 owing to falls in both delegate numbers and awards entries resulting from Publicis Groupe sitting out the event and the organisers truncating the schedule.

Festival owner Ascential reported 57.3 million US$75.07 million of Cannes Lions revenue in its interim results Monday, down from 62.9 million $82.4 million last year. The company stated this was a 9% drop on a constant currency basis,...

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