Mudcat Café Message Lyrics & Knowledge Personal Pages Record Shop Auction Links Radio & Media Kids Membership Help
The Mudcat Cafeawe



User Name Thread Name Subject Posted
Howard Jones Closure of Folk Festivals (118* d) RE: Closure of Folk Festivals 28 Apr 18


What Dick appears to be saying is that a festival shouldn't begin to plan the next year's event before it's paid off the debts from the previous year. That is an ideal position which I suspect is not realistic in practice, and under those conditions I doubt many festivals could go ahead. Organising any event, but especially a large and complex one like a festival, means entering into obligations and incurring costs up-front in the expectation that in time there will be sufficient income to cover them. That is not in itself immoral or illegal, and is the financial model for a great many businesses which can't rely on a steady income stream but are dependent on a single event to bring in income.

The debts are really a matter between the festival and its creditors. In Beverley's case the racecourse appears to have been willing to extend credit, not only for the previous year but to allow this year's event to go ahead. The problem has not been caused by debts being called in but by the loss of anticipated income because funding has been withdrawn. This is something to which many festivals are vulnerable.

In my opinion the organisers would only have been acting immorally if they had sold tickets when they should have known there was a good chance that the festival would not go ahead. If the funding was always uncertain but the decided to go ahead in the unreasonable hope that it would materialise, then they may well have been acting irresponsible, and possibly were trading unlawfully and could face sanctions. If not, then they took the only course open to them once the funding was withdrawn, by going into liquidation.

Everybody loses out when a festival is cancelled. Actually I feel lesat sorry for the musicians (despite being one myself who has had gigs cancelled). They are not out of pocket, and although they have lost future income they had expected to receive they have a chance to get other gigs. Ticket-holders who paid by credit card may be protected under under Section 75 of the Consumer Credit Act

However most festivals are operating on a financial knife-edge and it is not surprising that from time to time they go under.


Post to this Thread -

Back to the Main Forum Page

By clicking on the User Name, you will requery the forum for that user. You will see everything that he or she has posted with that Mudcat name.

By clicking on the Thread Name, you will be sent to the Forum on that thread as if you selected it from the main Mudcat Forum page.
   * Click on the linked number with * to view the thread split into pages (click "d" for chronologically descending).

By clicking on the Subject, you will also go to the thread as if you selected it from the original Forum page, but also go directly to that particular message.

By clicking on the Date (Posted), you will dig out every message posted that day.

Try it all, you will see.