Lugi! Alden Richards reportedly didn’t earn money from E-Heads concert because of Ely Buendia’s P80-M talent fee

Eraserheads’ reunion concert ‘Huling El Bimbo’ held on December 22, 2022, was considered successful by fans after it was watched by 75,000 people.

Several netizens also congratulated Alden Richards who’s a co-producer of the concert for the successful event, believing that the actor made some money for his investment.

Alden’s venture Myriad Corporation was part of the producers of the said concert.

However, Entertainment columnist Salve V. Asis revealed that Alden’s company didn’t earn any money from the concert because of the talent fee received by Ely Buendia.

According to Asis, Ely’s talent fee reportedly reached a whooping P80,000,000 which made the concert costly.

“Marami rin daw kasi sa nanood ng nasabing concert ay complimentary tickets though marami raw talagang bumili rin pero dahil daw sa mahal ng production cost, hindi diumano kumita ang mga producer nito,” Asis wrote.

Another promoter and investor of the concert said that they shelled out P275-M to make the concert happen.

Some fans of Alden and Ely questioned the report saying that if the reunion was a financial failure, there should be no investor to pay for their upcoming world tour.

As of writing, Ely Buendia and Alden have yet to give a comment if the reports were true.


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