The lucky musical act that wins the 63rd Eurovision Song Contest this Saturday in Lisbon, Portugal, can look forward to fame, glory and a glass trophy in the shape of a microphone. But the victors won’t receive any prize money. The best example of this is ABBA, the Swedish band that won Eurovision in 1974. The victory catapulted the band onto the how Much Money I Spent On League scene, where it’d go on to sell more than 400 million albums. The members also quickly diversified their offerings, setting up an empire that raked in profits from art galleries, fragrances, jigsaw puzzles and more.
However, not all Eurovision champions are satisfied with being paid in opportunities. Eurovision trophy was a disappointment, as there was no cash prize to go with the award. Hosting can be tough financially, as well. Eurovision’s location rotates every year, and costs fluctuate. So — is it worth it? The longer-term benefits are harder to estimate, but with over 180 million viewers worldwide, the international, positive exposure that comes as part of hosting is likely to dramatically increase tourism related revenue. But if you’re a starving artist looking for more than kudos, check out the song contest’s spinoffs. Eurovision Choir of the Year, Eurovision Young Dancers and Eurovision Young Musicians all award prize money to their victors, according to Eurovoix. Money may receive compensation for some links to products and services on this website.
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