Photo by Tim Mossholder on Unsplash
Abstract Entertainment is winding up after entering voluntary liquidation.
The promoter and event planning business owes close to $700,000 to 95 individual creditors spanning ticketing companies, musicians, radio networks, venues and promoters.
Its related entity, Abstract Touring, is still trading, and recently announced the Belinda Carlisle Tour of Australia for February 2022.
Abstract Entertainment largely blamed COVID-19 for its deteriorating financial performance and position which led to the self-imposed wind up.
In the Report to Creditors, seen by TMN, the company noted that under normal circumstances, it would receive royalty fees and commissions from its related entity Abstract Touring. In th…
Read the full article at: https://themusicnetwork.com/abstract-entertainment-liquidation/
