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

Tuesday 30th December

Falls Festival 2014 feat.
Empire Of The Sun + Tensnake + La Roux + Kilter + John Butler Trio + KLP + Movement + DZ Deathrays + George Ezra + Jagwar Ma + Run The Jewels + Sticky Fingers + Remi + Asgeir + Black Lips + DMA's + SBTRKT + Torren Foote + Just A Gent + Tkay Maidza + Pierce Brothers + Jim Laurie + Melbourne Mass Gospel Choir + Falls Festival

Lorne, Lorne

Wednesday 31st December

Falls Festival 2014 feat.
Empire Of The Sun + Big Freedia + SBTRKT + Tensnake + La Roux + Run The Jewels + Movement + John Butler Trio + George Ezra + Cloud Control + CW Stoneking + Jagwar Ma + Remi + Sticky Fingers + Black Lips + Dan Sultan + DMA's + Asgeir + Tkay Maidza + The Kite String Tangle + Jim Laurie + Falls Festival

Marion Bay, Marion Bay

Friday 2nd January

Falls Festival 2014 feat.
Alt-J + Todd Terje + John Butler Trio + Jamie xx + Joey Bada$$ + SBTRKT + DZ Deathrays + Bluejuice + Tensnake + Spiderbait + Tycho + Milky Chance + Glass Animals + Sticky Fingers + DMA's + The Kite String Tangle + Hockey Dad + Wolf Alice + Airling + Falls Festival

North Byron Parklands, North Ocean Shores

Saturday 3rd January

Southbound 2014 feat.
Alison Wonderland + Alt-J + Asgeir + Black Lips + Bluejuice + Cold War Kids + DMA's + Glass Animals + Jagwar Ma + Joey Bada$$ + John Butler Trio + Kim Churchill + The Kite String Tangle + Milky Chance + Movement + The Presets + Remi + Run The Jewels + Safia + Salt N Pepa + SBTRKT + Spiderbait + Sticky Fingers + The Temper Trap + Tkay Maidza + Todd Terje + Tycho + Vance Joy + Southbound Festival + Cloud Control

Sir Stewart Bovell Park, Busselton

Friday 6th March

Port Fairy Folk Music Festival 2015 feat.
Sinead O'Connor + 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 + The Gloaming + The Heartstring Quartet + Ross Ainslie & Jarlath Henderson + Sharon Shannon + Melbourne Scottish Fiddle Club + Oh Pep! + Siskin River + Stray Hens + Zeon + 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 + 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

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 + 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

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

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 + 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 + more

Blue Mountains Music Festival, Katoomba


Poster IT

Connect with The Music

Subscribe to Daily Newsletter

Galleries

<span>Red Jumpsuit Apparatus</span><br />Adelaide Uni Bar

Red Jumpsuit Apparatus
Adelaide Uni Bar

<span>North Arm</span><br />Oxford Art Factory

North Arm
Oxford Art Factory

<span>The Cairos</span><br />Newtown Social Club

The Cairos
Newtown Social Club

<span>Damon Albarn</span><br />Sydney Opera House

Damon Albarn
Sydney Opera House

<span>Festival Of The Sun 2014</span><br />

Festival Of The Sun 2014

<span>Adelaide Uni Open Night</span><br />

Adelaide Uni Open Night

<span>The War On Drugs</span><br />Metro Theatre

The War On Drugs
Metro Theatre

<span>Moana</span><br />Leederville Hotel

Moana
Leederville Hotel

<span>Hiatus Kaiyote</span><br />Metro Theatre

Hiatus Kaiyote
Metro Theatre

this week's magazine

Digital Version
A Festival Called PANAMA Airlie Beach Music Festival Australasian Worldwide Music Expo Beyond The Valley Big Sky Blues & Roots Festival BIGSOUND Bleach Festival Blue Mountains Music Festival Blues At Bridgetown Bluesfest Breakfest Brisbane Festival Brunswick Music Festival Bruthen Blues & Arts Festival Caloundra Music Festival Campfire Festival CMC Rocks The Hunter CoLAB Deni Ute Muster Dungog Festival Earth Frequency Festival Fairbridge Folk Festival Falls Festival Falls Festival Falls Festival Festival Of The Sun Follow The Sun Festival Future Music Festival Future Music Festival Future Music Festival Future Music Festival Future Music Festival Golden Plains Gorgeous Festival Great Southern Blues Festival Groovin The Moo Groovin The Moo Groovin The Moo Groovin The Moo Groovin The Moo Groovin The Moo Gympie Music Muster HyperFest JamGrass Music Festival Jungle Love Music & Arts Festival Just For Laughs Kyneton Music Festival Let Them Eat Cake Listen Out Listen Out Listen Out Listen Out Lost Paradise Melbourne Music Week Meredith Music Festival Mitchell Creek Rock 'n' Blues MOFO Mountain Sounds Mullum Music Festival Nannup Music Festival National Folk Festival Newtown Festival Noosa Jazz Festival NYE On The Hill Origin NYE Originals Music Festival Out On The Weekend Outlet Music Festival OutsideIn Paradise Music Festival Party In The Paddock Perth Festival Poison City Weekender Port Fairy Folk Festival Queenscliff Music Festival Rainbow Serpent Festival Riverboats Music Festival Rottofest Saltwater Freshwater Festival Soulfest Soulfest Soulfest Soundwave Soundwave Soundwave Soundwave Southbound Splendour In The Grass St Jerome's Laneway Festival St Jerome's Laneway Festival St Jerome's Laneway Festival St Jerome's Laneway Festival St Jerome's Laneway Festival Stereosonic Stereosonic Stereosonic Stereosonic Stereosonic Strawberry Fields Subsonic Sugar Mountain Festival Sydney Country Music Festival Sydney Festival Sydney Fringe Festival Tamworth Country Music Festival The Blurst Of Times Festival The Hills Are Alive Toowoomba Carnival Of Flowers UNIFY: A Heavy Music Gathering Urban Country Music Festival Valley Fiesta Vanfest WAM Festival West Coast Blues & Roots Festival WOMAdelaide Wonderland Woodford Folk Festival Yours And Owls

The Music Store

Australasian Music Industry Directory
The ultimate print sourcebook for all the contacts…
Jun 18th 2014
Arts Advertising Packages
The Music Arts Packages provide promotion in The Music…
Jun 18th 2014
Indie Band Advertising Packages
The Music Indie Band Packages provide promotion in…
Jun 18th 2014
Galleon Krueger for Sale
Galleon Krueger Bass Amplifier. 1001RB As new, current…
Jul 12th 2014
Jazz guitarists wanted for weekend jams.
We are a bass and drums unit rehearsing in St Peters…
Jul 12th 2014
Premier Sydney Punk/Rock Band seeks Drummer
One of Sydneys Premier Punk Rock Bands seeks energetic…
Jun 18th 2014

Listen