The live music industry is facing one of the darkest periods in its history as the fallout from bubbles created by COVID funding, spiraling artist and insurance fees and the cost of living crisis bite. With the crisis funding now gone and audience preferences shifting, the industry is feeling real pain.
This week saw Splendour in the Grass cancelled and Pandemonium Rocks stripped back to a single stage event (although we still dont know the details), but under the big headlines, far more businesses are feeling the pinch with liquidators and administrators having a very busy week.
The week before a long Easter weekend is always a time to sweep out inconvenient truths and this week was no different, with ASIC having a very busy few da…
Read the full article at: https://themusic.com.au/industry/musics-thursday-of-bankruptcy-liquidation/g305l5aZmJs/29-03-24