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Bankrupt

Stereosonic, Made Events and more owed millions...

Troubled EDM promoter SFX Entertainment declared bankruptcy last week and now the company's creditors have been revealed. 

Those owed money by SFX include Australia's Totem...

Ticket holders for future festivals may also have to prove they are virus free

Glastonbury founder Michael Eavis has warned the legendary festival could go bankrupt.

Speaking to The Guardian yesterday (25th June), Eavis, alongside his daughter Emily, stressed...

The Brooklyn nightclub was closed by authorities last week

Verboten has reopened and filed for bankruptcy after being seized by authorities for non-payment of taxes.

New York state government took possession of the club...

One of the Belgian mega festival’s key stage designers has been forced to shut down...

One of Tomorrowland’s key stage design associates, Neverland Themepark Projects, has declared bankruptcy.

The company, which was founded in 1997, had been working with Tomorrowland...

EDM giant still in financial trouble

The EDM company has been in trouble for some time, but a new report suggests that the firm is considering filing for bankruptcy.

The Forbes...

It joins a long list of media companies facing declining advertising revenue as competition with Spotify and Pandora heats up...

iHeartMedia, the largest US radio company and parent company of free broadcast and internet radio platform iHeartRadio, has officially filed for bankruptcy.

As part of...

The co-organiser made a similiar comment after last year's festival was cancelled

Glastonbury organisers have denied that the festival could go bankrupt.

After announcing another forced fallow year for Glastonbury amid the ongoing coronavirus pandemic, festival co-organiser...

The deal will wipe $300m in debt from the company’s books

SFX Entertainment has filed for chapter 11 bankruptcy.

The move will wipe $300m (£210m) in debt from the electronic music promoter’s balance sheet and take...

Music and theatre venues were permitted to open their doors for live performances from last Saturday (15th)

Many UK music venues would go bankrupt if they open for socially-distanced gigs.

Announced as part of the stage 4 lockdown easing measures, the UK...

New reports seem to think so

Troubled company SFX Entertainment is close to bankruptcy, according to new reports.

The American events giant, which is responsible for festivals including Tomorrowland, Mysteryland and...

The club had been open for almost 14 years...

Amsterdam club Sugar Factory has closed its doors with immediate effect after filing for bankruptcy.

The venue announced the action via its website and social...

The entertainment giant is moving away from EDM...

SFX has rebranded itself with a new name and a new CEO, following the company's bankruptcy scandal earlier this year. 

The EDM giant, who owns...

Release of new products due in March 2016

Vestax’s founder is planning to release new products later this year in a bid to relaunch the company.

The Japanese music manufacturer’s owner Hidesato Shiino...

The organisation has warned of a £2.5 billion rent crisis following the COVID-19 pandemic

The Night Time Industries Association (NTIA) has warned that 75% of the UK's nightlife businesses are facing a bankruptcy 'cliff edge' without rent support from...

French band to release fifth album ‘Bankrupt!’

Phoenix will release their fifth album ‘Bankrupt!’ on Monday 22nd April through Glassnote Records. The album will be the follow up to the acclaimed ‘Wolfgang Amadeus Phoenix’, which sold over a million copies worldwide.