The City of Malmö in Sweden has announced it will spend up to €2.5m on hosting the Eurovision Song Contest 2024.
The city was named host earlier this year following the nation’s victory in the 2023 competition as Loreen triumphed in Liverpool.
Malmö has earmarked up to €2.5m for next April’s event, which would be slightly more than the €2.3m spent by Liverpool, which hosted on behalf of Ukraine.
It will be the third time the Swedish city has hosted the contest, most recently doing so in 2013. On that occasion, the contest generated revenue of around €15.5m for Malmö 10 years ago.
Sweden last staged the Eurovision in 2016, when Stockholm had a budget of €10m but only used half of it.
Discussing the budget on Sveriges Radio, the chairman of the municipal board in Malmö, Katrin Stjernfeldt Jammeh, said: “It is a lot of money, but when we made the decision to make available the premises that are necessary, it was a completely unified municipal board decision.”
The Grand Final of the Eurovision Song Contest 2024 will take place in the Malmö Arena on Saturday, May 11, with semi-finals on May 7 and 9.