Big Day Out to make first loss in 20 years

The 2012 event starts today (January 20) in Auckland and will see further days held across New Zealand and Australia although is has been scaled back and BDO New Zealand has already been cancelled for 2013. In 2011 Big Day Out reportedly paid $6 million to secure Kanye West for the headlining slots.

Recently speaking to the The Australian Financial Review, founder Ken West said: "A vast amount of events worldwide have sprung up in recent years with festivals being ...

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