One of brisbane‘s biggest live music venues has gone into administration, with its future likely to be decided within the next four weeks.
The Hi-Fi Bar at West End, along with its counterparts in sydney and melbourne, went into administration on Thursday following a dispute with a creditor.
The Hi FI has hosted acts such as Prince, Public Enemy, Billy Bragg, Kate Miller Heidke, Custard and David Hasselhoff. Here, Boy and Bear performs in 2011.Credit: Michelle Smith
In a statement, the Hi-Fi group said its dispute with a major creditor “could not be resolved”.
“The creditor as a result put the business into voluntary administration,” it said.
West End’s Hi-Fi bar has gone into administration.Credit: Michelle Smith
“However, it’s business as usual in all three venues.”
Administrator Simon Nelson, from Melbourne accounting firm Romanis Cant, said he would oversee operations at all three music venues while a buyer was sought.
Mr Nelson was appointed by one of the Hi-Fi’s creditors, he said.
“All three venues will continue to trade under my control with the support of key employees, industry stakeholders, landlords and other stakeholders,” he said.
