Musical charity extravaganza Live 8 cost $14.6 million to stage leaving a profit of $4.7 million, according to figures just released.
New accounts relating to the event organised by Sir Bob Geldof and U2 singer Bono to raise awareness of African poverty show the ten gigs held around the world ate up the majority of the funds raised.
The concerts last year featured many of the planet’s biggest artists, including Madonna, Sir Paul McCartney and Coldplay - although the notable absence of artists of African origin drew criticism.
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