PurposeThe purpose of this paper is to develop both a systematic framework and priorities for comparative and cross‐cultural festival management studies, based on literature review and results of a four‐country study.Design/methodology/approachThis research is based on four samples of festivals in Sweden, Norway, UK, and Australia that are systematically compared. The survey is designed to profile the festivals in terms of vision/mandate, ownership, age, size, assets, venues used, decision‐making structure, and programs. Costs and revenues are examined in some detail, including trends in each category. Festivals' use of volunteers and sponsors are specifically addressed. Levels of dependence on a number of types of stakeholders and other strategic management issues are also explored. Respondents are also asked to respond to statements regarding challenges and threats to their festival and organization.FindingsThe empirical research identifies important similarities and differences that exist within the UK, Sweden, Norway, and Australia, by three ownership types, in how festivals are organized, their operations and strategies, stakeholder influences and dependencies, threats, and strategies.Research limitations/implicationsIn the recommended framework are five components: antecedents; planning and management; planned event experiences and meanings; outcomes and the impacted and dynamic patterns; and processes. Specific points of comparison are enumerated within each component, foundation theories and concepts are identified, and some research priorities suggested for each.Originality/valueThe framework developed in this paper can help advance both the process and applications of comparative festival studies.