Pemberton Music Festival Just Went Bankrupt & Screwed Everyone

What happens when you support the Pemberton Festival?  Just like the Fyre Festival, your money goes bye-bye.

Several weeks ago, the Pemberton Music Festival announced its 2017 lineup.  Confirmed artists included MUSE, Chance the Rapper, and A Tribe Called Quest, among others.  Yet, following the news the festival’s cancellation, fans are justifiably upset.

Yesterday, fans that went to Pemberton Music’s website found a notice bankruptcy.  The notice reads,

“The 2017 PEMBERTON MUSIC FESTIVAL IS CANCELLED.

The 2017 Pemberton Music Festival scheduled for July 13 – 16, 2017 is cancelled and will not proceed as scheduled.  The Trustee will issue formal notice the bankruptcy proceeding to all known creditors PMF within 5 days its appointment.”

To make matters worse, fans who purchased their tickets in advance would not get any automatic refunds.  To file a claim, they’d have to go directly through the Pemberton Music’s trustee, Ernst & Young.  Doing so, however, would not guarantee the receipt a refund.

The notice reads,

“Unfortunately there are no automatic refunds from PMF.  As PMF is now in bankruptcy, it has no ability to provide refunds for tickets purchased.  However ticketholders may file a pro claim form as an unsecured creditor with EYI in accordance with the claims process.  Pro claim forms will be mailed to known PMF creditors in due course and made available on the Trustee’s website.  A determination recovery, if any, on the claims ticket holders from the estate will not be known for several weeks.”

Pemberton was originally slated for mid-July.  Those dates are now history.

Actually, this marks the second time that the Pemberton Music Festival has cancelled its show.  After debuting in 2008, Live Nation cancelled 2009’s event.  HUKU Entertainment purchased the rights to the festival in 2014.  The 2015 and 2016 shows featured performance from top musicians across multiple music genres.

Looks like it’s a lot harder to run a festival than it looks!

To help deal with the cancellation, Canada’s WayHomeFestival has fered passes for anyone who purchased tickets to Pemberton Music Festival.  They previously fered free passes to Fyre Festival ticketholders.  An announcement on their website reads,

 “We have just learned that the 2017 Pemberton Festival has been cancelled. We would be remiss to provide the option attending WayHome to FYRE Festival purchasers and not extend that same fer to our WayHomies in the West.”

by Daniel Gregory (CC by 2.0)