The Outback Cutback

The credit crisis and struggling Australian dollar has led some Aussie promoters to renegotiate tour deals.

One act had to take a cut in fees, while another tour on sale is expected to lose $2 million because of the exchange rate.

Promoter Andrew McManus told the Brisbane Times he had 54 tours booked through November.

“Either the acts have taken a reduction or I’ve got rid of them,” he revealed.