The Madrid Ideas Festival will face its third edition without one of its main financial supports. Allianz has withdrawn its sponsorship after more than thirty participants threatened not to attend the event due to the insurer's ties with Israel.
The decision comes just two days before the start of the festival, scheduled between September 17 and 20. Among those who had suspended their participation are filmmaker Rodrigo Sorogoyen, presenter Inés Hernand, writer Alana S. Portero, singer Rodrigo Cuevas, and philosopher Paul B. Preciado.
Why the controversy began
The conflict erupted when a group of participants announced that they would suspend their presence as long as the Ideas Festival maintained its financial support from Allianz.
The signatories questioned the company's economic relations with Israel, particularly its investments in Israeli government bonds, and demanded that the festival publicly break with the insurer.
The protest placed the organization in front of an immediate problem: keeping its main sponsor could provoke the withdrawal of a significant portion of the participants with just 48 hours left before the opening.
Who threatened not to participate
The protest grew throughout this Monday. Initial reports mentioned about twenty signatories, but later more than thirty participants were linked to the threat of withdrawal.
Among the highlighted names are Rodrigo Sorogoyen, Inés Hernand, Alana S. Portero, Rodrigo Cuevas, and Paul B. Preciado.
Their participation had been conditioned on the festival severing ties with Allianz's sponsorship.
Allianz was the main sponsor
The exit has a particularly relevant economic dimension because Allianz was not a minor collaborator.
The insurer itself had announced on September 3 that it would be, for the third consecutive year, the main sponsor of the Ideas Festival. Additionally, it was expected that the Plaza de España stage would bear its name and host conversations with figures such as Zadie Smith, Paul B. Preciado, Édouard Louis, Lydia Cacho, Rodrigo Sorogoyen, or Rodrigo Cuevas.
Allianz had also prepared two dedicated spaces for health and wellness and for family activities.
Allianz finally withdraws its sponsorship
After the threat of withdrawal from the participants, Allianz decided to abandon the sponsorship of the Ideas Festival.
The exit forces the organization to face the economic impact just hours before the start of the event. The artistic director of the festival, Marcela Vélez, has acknowledged that the economic situation is complicated after losing this support.
The withdrawal resolves, in principle, the main condition raised by the participants who had suspended their presence: that the contest would stop having the support of the insurer.
The Festival of Ideas is not canceled
The immediate consequence will not be the cancellation of the festival.
The organization has confirmed that the 2026 edition will go ahead between September 17 and 20, despite the economic hole caused by the sponsor's exit.
The contest brings together this year more than a hundred participants and develops a good part of its programming through free activities open to the public.
What Urtasun has said
The controversy has also reached the Government. The Minister of Culture, Ernest Urtasun, has spoken out about the presence of companies related to Israel in cultural events.
"I don't like the participation of companies linked to Israel," the minister said when asked about the controversy of the Festival of Ideas.
His statements came when the participants were still conditioning their presence on the break between the festival and Allianz.
When is the Festival of Ideas in Madrid
The third edition will be held from Thursday, September 17 to Sunday, September 20 in different spaces in Madrid. Its thematic axis will be this year "Bodies".
The programming addresses issues related to identity, technology, mental health, human relationships, and artistic creation. Among the announced participants are Zadie Smith, Paul B. Preciado, Édouard Louis, Pablo d'Ors, Nazareth Castellanos, Niño de Elche, Rocío Molina, and Chantal Maillard, among others.
Most of the activities are free, although some require prior registration.
What happens now with the participants who threatened to withdraw
This is now the main pending point. The participants had conditioned their presence on the festival breaking its relationship with Allianz and that disconnection has already occurred.
The organization is trying to recover the normality of the programming two days before the start. Therefore, it will be necessary to individually check which participants definitively confirm their attendance after the sponsor's exit.