One of Victorias longest-running and most respected multi-arts festivals, the biennial Castlemaine State Festival, has entered into voluntary administration.
The news was announced in an email from the Festival Board, sent just before 5pm last Thursday 28 March, at a time when many people were already switching off their computers and leaving work in preparation for the Easter break.
The Boards statement pointed to major financial losses suffered by the 2023 Festival as the reason for calling in administrators.
Despite significant efforts to return the Castlemaine State Festival to profitability after heavy losses in 2023, the Board has made the reluctant but necessary decision to enter into Voluntary Administration, the statement read….
Read the full article at: https://www.artshub.com.au/news/news/castlemaine-state-festival-enters-voluntary-administration-2714655/