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Transcripts for BBCNEWS World Business Report 20210827 04:50:00

at 2330 gmt on saturday. today sees one of the biggest uk festivals restart as reading and leeds festival gets underway with acts like stormzy, post malone and liam gallagher playing. festivals are big business in the uk they contribute £1.76bn to the economy and support 85,000 jobs. but this summer many have been cancelled due to covid restrictions, most notably glastonbury. the association of independent festivals estimated that half of all the main uk festivals 5,000 capacity and over have been cancelled. so how viable are those that are still going ahead? joining me now is steve heap, general secretary of association festival organisers. welcome and thank you for being with us. according to ticket sales, how looking, the festival is going ahead? share festival is going ahead? are lookin: festival is going ahead? are looking great!

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