With Pemberton Going Bankrupt, Has The Music Festival Boom Hit Its Peak?

With Pemberton Going Bankrupt, Has The Music Festival Boom Hit Its Peak?

With Pemberton Going Bankrupt, Has The Music Festival Boom Hit Its Peak?

No formal notice has been given, but the concert has appointed worldwide accounting firm Ernst & Young (E&Y) as the trustee to address the situation.

But this could be bad news for fans who've already shelled out for a ticket.

There will be no automatic refunds issued to those with tickets because of the bankruptcy. The firm also says refunds may be available for ticket holders from third parties if tickets were purchased using a credit card, though each bank and credit card issuer have their own set of policies. Ticketholders must file a claim through Ernst & Young with no guarantee of a refund.

"Ultimately, once the monies are recovered to the extent possible and creditors are known, they'll be in allocation of the monies at hand to the creditors based on their amount of the claim and the total games".

According to The Globe And Mail, tickets for this year's festival started at $369, and buyers are now attempting to cancel their credit-card payments.

The same documents show the festival has brought in just over $8.2 million in revenue despite $22 million in budgeted expenses.

However, that still leaves a total of nearly 55,000 fans possibly without recourse.

The music festival which was set for the weekend ofJuly 13 - 19 in Pemberton offers the option to camp on site and drew large crowds a year ago of up to 180,000 fans over the four day event.

Governor Walker declares State of Emergency following severe weather
Fire Chaplain Danny Ringer told reporters at the scene late Tuesday that one person was known dead from the twister. Strong winds caused a small plane to flip over at Eppley Airport in Omaha, Nebraska, Tuesday, NWS reports.

Would-be Pemberton attendees can send a copy of their ticket to [email protected] until June 30 to receive their free Way Home ticket.

The festival had also tweeted as recently as Wednesday, with everything appearing normal.

The 2017 Pemberton Music Festival has been cancelled.

That has since changed, with a banner explaining the situation blocking prospective buyers from purchasing tickets.

"For the past four years, Huka Entertainment has worked to create a one-of-a-kind experience in the most attractive place on earth", the statement says.

"For the past four years Huka Entertainment has worked to create a one-of-a-kind experience in the most attractive place on earth".

The 2017 PEMBERTON MUSIC FESTIVAL IS CANCELLED.

It is the second major festival the regional district has lost in the past year, after the Squamish Festival was canceled in spring 2016. The festival reported it had difficulty sourcing talent due to a limited number of artists touring this year.

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