It is not cheap to participate in Macy’s Thanksgiving Day Parade!
Each year, thousands of people gather in person and across the country to watch the annual celebration, which features dozens of musical performances atop glittering floats and oversized balloons of our favorite pop culture characters.
You may be wondering how much it costs to simply sponsor one of those balloons and how much it costs to put together a float. A report from GOBankingRates reveals some of the surprising costs and amounts involved in organizing the annual event.
Find out how much Macy’s Thanksgiving Day Parade floats and balloons cost…
Combined annual expenses and assets can cost more than $13 million annually for the parade as a whole, with the tax bill alone totaling more than $180,000.
The giant balloons cost a minimum of $510,000 to fill each.
To sponsor a new balloon, a company has to pay the parade and construction fee of $190,000. Returning sponsors pay $90,000 for the balloon.
The average construction cost is $30,000 to $100,000 per float.
About 50 million people watch the parade from home and about 3.5 million watch it in person in New York City.
There is a full-time staff of over 26 employees, with a total salary of $1.3 million.
The promotion is worth it, too: Broadway shows have reported up to $300,000 in advance ticket sales due to exposure during the parade.
Look who’s performing!
Disclaimer: All figures courtesy of GOBankingRates.com. Just Jared is not responsible for the accuracy of reported amounts.
Categories: Biography
Source: vcmp.edu.vn