LONDON (VIP NEWS) — London-based booking agency Elastic Artists has admitted that it is experiencing “financial difficulties”, which have resulted in some clients not being paid for shows already performed.
Elastic Artists has been one of the UK’s key artist booking agencies over the last 10 years, best known for repping dance and urban artists in the live sphere, has sent a letter to its clients, which has been seen by Resident Advisor, and which explains that the company “is currently experiencing financial difficulties which have meant we are unable to release monies to clients for shows that have already taken place. We are exploring options to restore the company’s liquidity and to transfer the ownership of the business to a new team”.
The letter adds that neither the “existing team of agents nor the company’s management are in any way implicated in the current problems, and none were privy to the underlying options until the past few days”.
Some artists affiliated to the agency had already gone public about unpaid fees, with NTS DJ Alexander Nut tweeting: “Excuse me @elasticartists can your accounts department please reply to my emails and pay me the money I am owed. Thank you”. He subsequently said “O well, Xmas is ruined and I don’t know how I’m gonna pay the rent”, but added that “the @elasticartists situation is in no way a reflection of the agents who all did a great job”.