Not to be upstaged by Fyre Festival, Pemberton Music Festival today updated its website with a legal bankruptcy notice, cancelling the scenic music festival indefinitely. The Canadian music festival was founded in 2008 and originally backed by Live Nation before being cancelled the following year. HUKA Entertainment brought the festival back in 2014 where it saw mild success for the next 3 years. However after noticeably frustrating delays in the announcement of their 2017 lineup, organizers finally made an artist announcement on April 28th and began selling tickets on May 2nd.
Unfortunately for those trusting patrons who purchased tickets over the course of the past 16 days, as well as any pre-sale purchasers, no automatic refunds will be processed. The website notice states, “Unfortunately there are no automatic refunds from PMF. As PMF is now in bankruptcy, it has no ability to provide refunds for tickets purchased.”
Its suggested that ticket holders file a proof of claim form with E&Y, Pemberton’s bankruptcy trustee. However even then 100% refunds are extremely unlikely as a ticket holder is an unsecured creditor and any money left on the books will first be received by the festival’s secured creditors (the banks).
Bankruptcy documents show the festival owed $2,500,000 to their creditors and blame increased operation costs and decreased ticket sales as the reason for today’s filing. The festival has also deleted their Twitter and Instagram accounts, however their Facebook page is still intact for now. You can read the official bankruptcy document on the festival’s website here.