LONDON (CelebrityAccess) — After months of apparent financial challenges that saw festivals relocated and acts pulling out of events, All Tomorrow's Parties announced that they are terminating their festival and live promotion and entering administration.
In a post on their website, a rep for ATP wrote:
"It is with deep sadness we are announcing that ATP Festivals and live promotions are closing down. After months of speculation, our funding for Iceland has been pulled and we are no longer able to continue so will be closing down the entire live side of ATP festivals and live promotions with immediate effect and going into administration.
"ATP Iceland festival is no longer happening, but all our other UK shows will have new promoters appointed and tickets transferred (all purchased tickets remain valid with the new promoter). We will post details of the administrators and what to do for festival ticket refunds over the next week.
"We are very sorry we could not make this work and have tried to survive throughout all our recent losses but we are no longer able to trade and have to accept we cannot go on."
The ATP Iceland festival appeared to be in turmoil earlier this week as several artists, including Italian film composer Fabio Frizzi, as well as the bands Mum and Blanck Mass announced that they were pulling out of the event over contractual issues.
As well, April`s Drive Like Jehu-curated events were scheduled for two weekends at Pontins holiday camp in Prestatyn. The first, which was curated by comedian Stewart Lee, did go ahead as planned, but without John Cale, who pulled out of his headline appearance on both weekend’s saying that its “organizers had let us all down.”
The second event suffered a worse fate, cancelled entirely following weeks of confusion and conflicting messages over where it would be staged. After insisting that it would be going ahead as advertised, organizers switched venues to Manchester’s Victoria Warehouse, located approximately 65 miles from Prestatyn, before throwing in the towel on Apr. 18 due to a “lack of financial viability.”
This won't be ATP's first experience with administration. In 2012, the company went into liquidation, reporting £2.6 million, but its directors, Barry Hogan and Deborah Higgins relaunched to develop new events. – Staff Writers