The future of the iconic music festival Big Day Out is in doubt after another change in ownership of the troubled event.
Music Feeds reports C3 Presents U.S. partners are now the sole owners of the event after promoter AJ Maddah Australian allegedly transferred its Big Day Out event for the company, which was co-owned with
Rumors about the viability of the festival have been circulating for several months, with industry sources suggest debt incurred more than seven million dollars and have not yet paid hundreds of suppliers.
In November last year headliners Blur withdrew from the 2014 Big Day Out in a move that turned acrimonious when the band accused the organizers for "rules of the game are constantly changing."
Maddah invested in the festival in September last year, reportedly buying shares of co-founder Ken West to help keep the beloved go national event.
There were wholesale cuts in staffing and costs, but with ticket sales down the 2,014 performances led by Pearl Jam and Arcade Fire, the future of the Big Day Out in 2015 appeared shaky.
C3 Presents successfully organize Lollapalooza in Chicago, which has also been expanded to South America in recent years.
here has been speculation that consider rebranding Big Day Out and Lollapalooza spin-off to reinvent the 22-year-old musical traveling circus.
Maddah has also confirmed the warped festival will not go ahead this year, but is believed to be preparing to announce the lineup for Soundwave rock your event.
Comment has been sought from representatives Maddah and C3 Presents.
Festival organizers fat like butter in Newcastle canceled this year's show yesterday.
"Despite six months traveling the world in which we have not been able to get a lineup we estimate that you are playing with," posted on their social media pages.
"It was a decision I agonized over, but sometimes fickle gods of the almighty online co just not working!"
Despite rumors that several of the national tourism festivals may have to reduce their events due to declining ticket sales and increased costs to ensure headliners, sources have confirmed Future Music will continue in 2015.
Music Feeds reports C3 Presents U.S. partners are now the sole owners of the event after promoter AJ Maddah Australian allegedly transferred its Big Day Out event for the company, which was co-owned with
Rumors about the viability of the festival have been circulating for several months, with industry sources suggest debt incurred more than seven million dollars and have not yet paid hundreds of suppliers.
In November last year headliners Blur withdrew from the 2014 Big Day Out in a move that turned acrimonious when the band accused the organizers for "rules of the game are constantly changing."
Maddah invested in the festival in September last year, reportedly buying shares of co-founder Ken West to help keep the beloved go national event.
There were wholesale cuts in staffing and costs, but with ticket sales down the 2,014 performances led by Pearl Jam and Arcade Fire, the future of the Big Day Out in 2015 appeared shaky.
C3 Presents successfully organize Lollapalooza in Chicago, which has also been expanded to South America in recent years.
here has been speculation that consider rebranding Big Day Out and Lollapalooza spin-off to reinvent the 22-year-old musical traveling circus.
Maddah has also confirmed the warped festival will not go ahead this year, but is believed to be preparing to announce the lineup for Soundwave rock your event.
Comment has been sought from representatives Maddah and C3 Presents.
Festival organizers fat like butter in Newcastle canceled this year's show yesterday.
"Despite six months traveling the world in which we have not been able to get a lineup we estimate that you are playing with," posted on their social media pages.
"It was a decision I agonized over, but sometimes fickle gods of the almighty online co just not working!"
Despite rumors that several of the national tourism festivals may have to reduce their events due to declining ticket sales and increased costs to ensure headliners, sources have confirmed Future Music will continue in 2015.
No comments:
Post a Comment