Skip to main content

festival > News

Peats Ridge In $1.2 Million Hole

Peats Ridge over New Years. Pic by Meg White
Jan 31st 2013 | 4:28pm | Scott Fitzsimons
The embattled Peats Ridge Festival owes over $1.29 million to creditors after the company was put into liquidation earlier this month.

The list of creditors has been released by liquidators Jirsch Sutherland with companies and individuals all across the music industry affected.

Headline act John Butler's Butler Brown Touring Co is owed $95,579, while bar providers Sorted Events are the biggest creditors with $283,726 owed. The festival's booker Damien Cunningham is owed $49,477 through his company Elastic Entertainment.

Artists such as The Falls, Cass Eager & The Velvet Rope, Fanny Lumsden & The Thrillseekers, Lolo Lavina and Unknown Mortal Orchestra (through agency Artist Voice) are listed – The Black Seeds are owed $11,500 – but many more are owed money through touring companies or agencies.

Billions Australia will be looking to recoup $45,650, Chugg Entertainment $6,985, The Harbour Agency $16,195, Select Music $6,780, Modular Agency $11,000, Foreign Dub $12,100, Niche Productions $10,000 and Fuzzy Touring $5,500.

APRA are listed for $14,850 while other notable inclusions are Australian Mobile Staging $15,296, ISEC $15,249, JR Richards & Sons $38,460, Oztix $10,982, Premier Motor Services $20,748, Rock Posters Sydney $6,600, Sydney Posters $16,792, TFH Temporary Fence Hire $20,465 and Splashdown $28,837.

The theMusic.com.au's publishers are owed $4,315.

The festival's only listed asset is $140,000 in cash and debtors are currently listed as unknown. The liquidators are expected to charge $80,000 for their services.

Today the liquidators told theMusic.com.au they at this point that have not been able to ascertain what ticket revenue is still to be realised.

Last week festival promoter Matt Grant told theMusic.com.au he was still hopeful of finding an investor to rescue the situation, but without further debtors it is unlikely the company will attract a buyer.

Grant could not be contacted for comment this afternoon.

Comments

Dates

Friday 6th March

Port Fairy Folk Music Festival 2015 feat.
Sinead O'Connor + Christine Anu + John Butler Trio + Charlie Musselwhite + Buffy Sainte-Marie + Sharon Shannon Band + Ami Williamson + Ash & Bloom + Steve Poltz + The Black Sorrows + All Our Exes Live In Texas + Bobby & The Pins + Catherine Britt + The Gloaming + The Heartstring Quartet + Ross Ainslie & Jarlath Henderson + Sharon Shannon + Melbourne Scottish Fiddle Club + Oh Pep! + Siskin River + Stray Hens + Zeon + Luluc + Mike Brady + Frank Yamma + Fiona Ross Band + Skipping Girl Vinegar + more + Port Fairy Folk Music Festival

Port Fairy, Port Fairy

Saturday 7th March

Port Fairy Folk Music Festival 2015 feat.
Sinead O'Connor + Christine Anu + John Butler Trio + Charlie Musselwhite + Buffy Sainte-Marie + Sharon Shannon Band + Ami Williamson + Ash & Bloom + Lake Street Dive + Steve Poltz + The Black Sorrows + Wagons + All Our Exes Live In Texas + Bobby & The Pins + Catherine Britt + more + Port Fairy Folk Music Festival

Port Fairy, Port Fairy

Sunday 8th March

John Butler Trio + We Two Thieves

Empire Theatre, Toowoomba

Sunday 8th March

Port Fairy Folk Music Festival 2015
Christine Anu + John Butler Trio + Charlie Musselwhite + Sharon Shannon Band + Ami Williamson + Ash & Bloom + Lake Street Dive + Steve Poltz + The Black Sorrows + Wagons + All Our Exes Live In Texas + Bobby & The Pins + Catherine Britt + more + Port Fairy Folk Music Festival

Port Fairy, Port Fairy

Monday 9th March

John Butler Trio + We Two Thieves

Moncrieff Entertainment Centre, Bundaberg

Monday 9th March

Port Fairy Folk Music Festival 2015
Christine Anu + John Butler Trio + Charlie Musselwhite + Sharon Shannon Band + Ami Williamson + Ash & Bloom + Steve Poltz + The Black Sorrows + All Our Exes Live In Texas + Bobby & The Pins + Catherine Britt + more + Port Fairy Folk Music Festival

Port Fairy, Port Fairy

Wednesday 11th March

John Butler Trio + We Two Thieves

Mackay Entertainment Centre, Mackay

Thursday 12th March

John Butler Trio + We Two Thieves

The Venue, Townsville City

Friday 13th March

John Butler Trio + We Two Thieves

Kuranda Amphitheatre, Kuranda

Friday 13th March

Campfire Festival 2015 feat.
John Butler Trio + Lee Kernaghan + Kasey Chambers + Shannon Noll + Ash Grunwald + Beccy Cole + Mental As Anything + The McClymonts + Wendy Matthews + We Two Thieves + The Wolfe Brothers + The Wolverines + Amber Lawrence + Kevin Bennett and The Flood + Bob Corbett + Chelsea Basham + Greg Champion + Christie Lamb + Tara Naysmith + Tommy Contor + Bryce Sainty + Lauren Wheatley + Ben Ransom + The Rough Diamonds + Aly Cook Band + Jade Holland + Neilly Rich + Rod Dowsett + more + Campfire Festival

Hope Estate Winery, Pokolbin

Friday 13th March

John Butler Trio + Macy Gray + Buffy Sainte-Marie + Dan Sultan + Jordie Lane + David Bridie + Phil Wiggins + Dom Turner + Daniel Champagne + All Our Exes Live In Texas + more

Blue Mountains Music Festival, Katoomba

Sunday 29th March

West Coast Blues 'N' Roots feat.
John Butler Trio + Paolo Nutini + David Gray + Paul Kelly + Jurassic 5 + Rodrigo Y Gabriela + George Clinton & Parliament Funkadelic + Xavier Rudd & The United Nations + Jimmy Cliff + Keb Mo + Mavis Staples + Charles Bradley & His Extraordinaires + Beth Hart + Kim Churchill + Lanie Lane + West Coast Blues 'N' Roots

Fremantle Park, Fremantle

Saturday 30th May

John Butler Trio + Violent Soho + The Jezabels + Jebediah + Thundamentals + Dune Rats + Coin Banks + Dallas Frasca + The Belligerents + Timberwolf + Sarah Howells + Drawcard + Karl S Williams + Sahara Beck + Dubarray + The Dawn Chorus + The Hi Boys + In2nation + The Floating Bridges + The Black Catapult + MC Wheels + more + Big Pineapple Music Festival

Big Pineapple Music Festival, Nambour


Poster IT

Connect with The Music

Subscribe to Daily Newsletter