With the Future Music Festival 2014 lineup announced, featuring Deadmau5, Phoenix, and Macklemore & Ryan Lewis topping a massive bill for the event next March, attention has once again turned to the new partnership presenting the annual music festival.
The flagship Future Music Festival is being presented in a joint venture with Michael Gudinski’s Frontier Touring, a deal that has drawn controversy following the financial collapse of companies formerly tied to Future Music Festival as liquidators begin to investigate a messy and complex series of transactions.
As the financial threads are untangled they reveal some interesting new information: that Michael Gudinski bought then-rival Future Entertainment’s South melbourne offices on the same day that the group were placed into court-ordered liquidation, as The Age reports.
The Mushroom and Frontier Touring boss could have paid up to $3 million in the sale of the two-storey Future headquarters, located at 222 York Street, South Melbourne. However, the property sale is not believed to be part of the deal that saw Gudinski acquiring Future Entertainment’s intellectual properties – including Future, Good Life, and the presumably cancelled Summadayze – from a third…
