Festival reportedly in talks with council to cut costs
Isle of Wight Festival’s 2017 outing could be cancelled, new reports suggest.
The festival originally ran between 1968 and 1970 before being revived in 2002. This year’s festival saw 58,000 attend to see headline sets from Status Quo, Faithless, Stereophonics, The Who, Richard Ashcroft, Queen + Adam Lambert and Ocean Colour Scene.
A council report now states that the festival’s organisers are considering scrapping next year’s event unless it cuts its costs significantly.
Solo Promoters Ltd has asked the local council to waive its hire fee for Seaclose Park in Newport, where the festival is held, while the council is considering reducing it by £42,000.
“There is a real risk that unless Solo can reduce its costs and or increase ticket sales that the event may be cancelled,” the report says.
A council meeting will take place on Thursday (October 13), where the matter will be discussed.
NME has approached the PR for Isle of Wight Festival for a comment on the reports.