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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > Entertainment > Article Home Business & Finance News U.S. Politics International Technology Entertainment Film Music People Television Arts Industry Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters Recession takes a toll on U.S. festivals Fri Feb 20, 2009 1:06am EST Email | Print | Share | Reprints | Single Page [-] Text [+] By Jane Sutton MIAMI BEACH, Florida (Reuters) - Festivals celebrating everything from high culture to humble farm products are struggling in the United States as sponsors trim their support in tough times and revelers tighten their purse strings. The Geraldine R. Dodge Foundation's biennial poetry festival is billed as America's largest and has drawn prize-winning poets, scholars and word-lovers to New Jersey since 1986. But the stock market crash cut the value of the foundation's assets by 30 percent, forcing it to cancel the festival for 2010. "Depending on how things turn out, we may need to reinvent the festival on either a more affordable scale or in a more affordable venue," the foundation's president, David Grant, said in a memo posted on its website. South Florida's Langerado Music Festival, which drew 25,000 fans a day last year, was canceled due to poor sales of its $75-a-day tickets for a lineup that included rapper Snoop Dogg and indie rockers Death Cab for Cutie in March. Organizers also blamed the poor economy for their decision to scrap this year's Zellwood Sweet Corn Festival, a May tradition in central Florida for 35 years. Corporations are scaling back or eliminating sponsorships for festivals to cut costs but also because they are reluctant to be seen underwriting lavish or frivolous events when times are hard, said Steve Schmader, president and chief executive of the International Festivals and Events Association. "If your event depended on bank sponsorships, they're going to be having that magnifying glass put on them now," Schmader said. "I'd be lying if I said that we aren't seeing people that are certainly doing everything they can to make sure they're holding on to the sponsors they have." COST-CONSCIOUS Companies still view festival sponsorship as a way to build goodwill or advertise to a highly targeted audience. But they are adjusting their pitch to reflect the cost-conscious times. Cheesemaker Sargento is one of many sponsors of the South Beach Wine and Food Festival, which draws celebrity chefs, wine lovers and diners to Miami Beach in February. They are using the February 18-22 event to introduce a Mexican artisan-blend cheese, served up in sweet corn empanadas, and other dishes that diners can easily duplicate at home, said Chris Groom, Sargento's core marketing director. "There are more and more consumers who are opting to eat in but still want to have a delicious meal," Groom said. "We're kind of answering the call for more value from today's consumer in the tough economic times." The popular South Beach festival still managed to sell out many events, including a $1,000-a-plate banquet that celebrates Spanish food and wine with Spain's King Juan Carlos and Queen Sofia as invited guests of honor. Some organizers have found creative ways to adapt. Continued... 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