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Linz (2009) -
Financial Information
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Linz09's basic Funding is contractually set at 60 million euros, which covers the period from its incorporation on 1 September 2005 to 31 December 2010. The responsibilities of the company involve City of Linz (20 million euros), the Province of Upper Austria (20 million euros) and the Austrian Federal Ministry of Education, Art and Culture (20 million euros) acquiring the finances needed. The European Union subsidises Linz09 with 1.5 million euros.
The company is also receiving contributions from private-sector associates and sponsors. Sponsoring agreements are adding approximately 10 million euros to Linz09's budget, including around 6 million euros in payments-in-kind (advertising, goods and services received). Revenues from ticketing and merchandising are estimated at 1.7 million euros.
Over 60% of the total budget flows into program production. About 19% has gone into the Capital of Culture's advertising amd marketing campaign.
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