“All of U2’s income raised from the auction of Red Zone tickets will be donated to charity,” says a U2 spokeswoman according to the Belfast Telegraph.
U2 will give away 100 percent of their income from the “RED Zone” VIP auction ticket sales at up to 100 worldwide concerts.
Up to 600 stage-front tickets per gig are being sold off this way. The minimum starting bids are between €95 and €1,015. This would mean U2 is donating an estimated €9m of their U2360 summer tour profits to charity.
All of the profit that Bono, The Edge, Adam Clayton and Larry Mullen Jr earn from the sale of tickets in the ‘Red Zone’ will go to charity. The charity-style partnership Global Fund, which helps fight AIDS, tuberculosis and malaria, will benefit from a large donation and other good causes expected to receive payouts are charities focusing on Africa.
Previously: Ticketmaster auctions off (RED) Zone Packages