The company had struggled financially with several of its festivals having to be cancelled
Promoters All Tomorrow’s Parties (ATP) have announced the closure of the company with immediate effect.
ATP Iceland, which was due to take place in Àsbru, Keflavik between July 1-3, has also been cancelled. Yesterday (June 15), it was reported that three bands had pulled out of the festival.
ATP was set up in 2001 by Barry Hogan, but had struggled financially in recent years. As the Guardian reports, the company previously went into liquidation in 2012, with its directors setting up a new firm in response.
In 2014, ATP’s London-based festival Jabberwocky was cancelled days before it was due to be held. The reason cited was “due to poor ticket sales”.
Earlier this year, a festival curated by Drive Like Jehu on behalf of the promoters was cancelled. In a statement, ATP said “lack of financial viability” was to blame. An ATP festival held the previous weekend, curated by comedian Stewart Lee, had been affected by artists pulling out, accusing the promoters of not honouring agreements.
ATP issued a full statement announcing the end of the company on their Facebook page earlier today (June 16). It read: “It is with deep sadness we are announcing that ATP Festivals and live promotions are closing down. After months of speculation, our funding for Iceland has been pulled and we are no longer able to continue so will be closing down the entire live side of ATP Festivals and live promotions with immediate effect and going into administration.
“ATP Iceland festival is no longer happening, but all our other UK shows will have new promoters appointed and tickets transferred (all purchased tickets remain valid with the new promoter). We will post details of the administrators and what to do for festival ticket refunds over the next week.
“We are very sorry we could not make this work and have tried to survive throughout all our recent losses but we are no longer able to trade and have to accept we cannot go on.
“Thank you to all our loyal customers who have supported us and incredible artists who have performed or curated for us over the years and made ATP so special while it lasted.”