On Tuesday, three artists (múm, Blanck Mass and Fabio Frizzi) pulled out of July’s ATP Iceland after terms of their agreements had apparently not been honoured. Yesterday ATP issued a statement about the future of the company, taking the decision to shut down their festivals and live promotions.
They say: “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.”
They go on to state: “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.”
In the statement, the company have confirmed that July’s event in Iceland has been cancelled. However, their UK shows will have new promoters appointed and tickets will still be valid for the overtaken events. They promise to post details of what to do to claim refunds.
See the full statement on the ATP website, where further details about claiming money back and transfers will likely be posted soon.