We recently addressed the issue of Israeli broadcaster KAN having some budgetary issues when it comes to hosting the Eurovision Song Contest 2019.
The EBU granted a payment deadline extension pushing the date out to August 14th.
Ynet.com is reporting that ongoing talks between KAN and the Israeli government have been ‘positive’.
The overall budget has been discussed with an estimated budget of NIS 150 million (approx. €35 million) being estimated for the entire project. The taxpayer will have to cover around NIS 100 million (€23.5 million) with remaining third of the budget, NIS 50 million (€11.5 million), coming from ticket sales and promotions.
While progress has been made, no final agreement has been made about payment due to the EBU and who is going to pay for it. The Israeli broadcaster KAN says that they will not be able to transfer the funds by the Aug 14th deadline without government assistance. The alternative would be to layoff 200 employees or make significant cuts to the current programming. The government has not agreed to pay the funds yet but guaranteed to cover the costs should KAN default on the payment.
Stay tuned on further updates, we should know more on this topic sometime early next week.