LARS ULRICH Says METALLICA Lost Money On Last Year's Inaugural 'Orion Music + More' Festival

METALLICA's Orion Music + More festival debuted last June in Atlantic City, New Jersey and is set to return this coming weekend on Detroit, Michigan's Belle Isle.

Even though the two Atlantic City shows sold a total of 24,000 tickets, according to The Press Of Atlantic City, METALLICA drummer Lars Ulrich told BusinessWeek.com that the band has yet to make money from the venture.

"I wish we broke even last year," Ulrich said. "I'd obviously like to get into a situation where it's not costing us, but that will probably be another couple of years away. You've got to be in it for the long haul."

He added: "What worked last year was a sense of intimacy and a sense of connection that we made with the fans. There was a very cozy family spirit significantly different than other festivals we've played. If we treat this right over the next couple of years, maybe we'll be able to establish a long-term type of thing."

Ulrich also spoke about the progress of the songwriting sessions for METALLICA's follow-up to 2008's "Death Magnetic" album.

"We're sifting through riffs and putting them into very rough song skeletons," the drummer said. "We're probably looking at getting back to writing and thinking about the next record sometime in October or November."

METALLICA's IMAX 3D movie, "Metallica Through The Never", will be released in the U.S. by Picturehouse on September 27 in IMAX venues exclusively, followed by more theaters on October 4.

The film stars Dane DeHaan as a METALLICA crew member assigned with carrying out a mysterious task for the band as they perform at a local arena.

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