The Rolling Stones stand to lose big bucks after canceling the Australian leg of the band’s world tour to mourn the death of Mick Jagger’s longtime love, fashion designer L’Wren Scott.
Music industry sources tell Billboard that halting a spectacle the size of a Stones tour could cost the band around $10 million in losses between deposits on venues, storage costs and lost revenue.
The band had just touched down in Australia when Scott hanged herself in her Chelsea apartment last week. Jagger has flown to the US to plan her funeral.
Left behind down under were around 60 big rigs ready to transport equipment across the continent, and chartering the gear could cost upward of $250,000, sources told the magazine.
The music magazine reported that while tours such as the Stones’ “14 on Fire” usually have cancellation insurance, it’s unclear what the stipulations of those policies entail or how much the band would recoup.
The Rolling Stones were scheduled to play seven shows across Australia and New Zealand and had reportedly sold around 150,000 tickets.
Australian concert promoter Michael Gudinski told Billboard his company, Frontier Touring, is in talks to bring the band back to the region later this year, where they have not played a show since 2006.
“Everyone is working very closely together, and it’s looking very likely that the rescheduled dates for Australia [and] New Zealand will be October-November 2014,” Gudinski reportedly told Billboard.
Meanwhile, Scott’s funeral arrangements were still being made Monday afternoon.
She will be buried at the Hollywood Forever Cemetery in Los Angeles sometime this week.