UK summer festival cancelled due to 'credit crunch'

Global economy blamed as event is called off

May 20, 2008
5 Comments
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Wax:On Live festival, which was to be held in Leeds on May 31, has been cancelled.

The organisers have blamed the general economic downturn for the festival's financial problems.

A statement on Waxonlive.com explained: "The festival fell victim not to poor ticket sales or lack of support and dedication, but to the credit crunch that has the UK in the grip of an economic stranglehold.

"This morning we have been informed that due to circumstances in the global financial market place and its knock on effect, the event has become unsustainable. We threw everything we had at the event to try and make it go ahead and we're really disappointed we couldn't see it through."

Yorkshire's Lotherton Hall was due to see performances from acts including Primal Scream, Reverend And The Makers and Hercules And Love Affair.

Ticket holders are advised to contact their place of purchase for refund.

The Wax:On club nights are still set to go ahead in Leeds, Newcastle and Brighton, however - see Waxonlive.com for details.

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Comments (5)

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YorkshireNed

May 20, 2008

Hmmmmmmmm. What next? Glastonbury cancelled due to global warming?

Mr Sqwubbsy

May 20, 2008

What a bunch of mealy-mouthed twazzacks those organisers show themselves to be with their pitiful excuses! No doubt they were charging an arm and a leg for the privilege of seeing a Stones trib-band supported by a smattering of no-names and were surprised at people voting with their feet.

croquet

May 20, 2008

Probably the first of many - things have been getting silly - there are festivals popping up all over the place at the moment. There simply won't be enough people to go to all of them and pay the ticket prices being asked.

Andy711

Jun 3, 2008

Not buying it. I've just launched our little festival 2 days ago and without advertising tickets are flying out. I think people are looking for the smaller festival with good artists at value for money, that's all. A tenner for ten hours of great artists doesn't break the bank. And if the organisers don't rip people off and charge pub prices for a pint and a pie, festivals will flourish.