Music Festival Insolvencies: What Happens When the Music Stops?

John Fiero reviews the issues in recent bankruptcy cases of festival promoters. “The music festival business is like a bright, shiny object to the neophyte festival promoter. Yet the road to a sustainable, successful festival business is littered with the detritus of underfunded, ill-conceived or overleveraged business plans. The ultimate success of Bottlerock and the reorganization of SFX Entertainment tells us that once you have a product with an acknowledged audience, you have something to reorganize.”

Retrieve article in pdf below; reprinted with permission of the American Bankruptcy Institute.