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Cost For Postponed U2 Dates May Hit $150 Million

LOS ANGELES (CelebrityAccess MediaWire) — U2's postponed tourdates may end up costing as much as $148 million.

Last month, The band was forced to pull out of 17 tourdats, including their appearance at this year's Glastonbury festival after the band's frontman Bono required emergency surgery to treat a slipped disc he sustained during rehearsal. Recovering from the surgery put Bono out of commission for 2 months on doctors orders, forcing the band to postpone the start of the U.S. leg of their world tour.

While both Bono and the tour were covered by insurance, overhead costs and lost revenue are still running.

"If we play or not, touring still costs us £500,000 a day." U2's manager, Paul McGuinness told UK newspaper The Sun.

According to an analyst consulted by the Sun, U2 clears about 2.9 million per show, plus a share of the profits in a deal with tour's promoter, Live Nation.

New dates for most of the postponed dates are expected to be announced soon. – CelebrityAccess Staff Writers