READING, UK (CelebrityAccess MediaWire) — Festival Republic announced that the inaugural Heavenly Planet Festival has been cancelled due to the effect of the current economic client.
Last month Live Nation's Festival Republic, Thomas Brooman and Reading Borough Council – joint organizers of the new festival – announced that entry to the festival would be free in its first year, with costs covered equally by the three partners. However the worsening economic climate has meant that one of the partners Thomas Brooman has been unable to commit to funding the event on the basis that had been agreed and has pulled out. As a result the two remaining partners, Reading Borough Council and Festival Republic, have reluctantly agreed to scrap the event
Festival Republic's Melvin Benn said "It is with regret that we make this announcement to cancel our new festival Heavenly Planet which was due to take place in Reading in July. The worsening economic crisis and circumstances beyond our control have been major factors in the final decision." – CelebrityAccess Staff Writers